Derry’s MP says axing the annual increase on beer duty will save jobs in the city.
Mark Durkan is backing calls for the scrapping of the beer duty escalator which increases the tax on beer by 2% above the rate of inflation every year.
He says the hike will heap more pressure on the local pub trade which is already finding it increasingly difficult to cope.
“With pubs in Derry contributing millions of pounds to the local economy I hope the government will see sense and scrap the beer duty escalator in the forthcoming Budget,” he says
“Scrapping the beer duty escalator will not only keep beer more affordable and help pubs in the city maintain their important role at the heart of community life, but also safeguard jobs in Derry.
“I have also consistently called on the Chancellor of the Exchequer George Osborne to follow the lead of the Irish government in introducing a targeted VAT cut to kick-start the tourism sector here.
“VAT reductions on accommodation, restaurant food and visitor attractions in Derry would not only result in significant increased tourist demand but also help generate employment in the tourism sector in the run up to City of Culture 2013.”