Since, under UK law, brewers pay less tax on drinks with a lower alcohol content, the newspaper claimed that the companies had pocketed this saving rather than passing it onto customers through lower prices.
Brewer Greene King has cut the alcohol content of its Old Speckled Hen pale ale to 4.8% from 5%.
In January, Dutch brewer Heineken lowered the ABV content of Foster’s larger — which it sells in the UK — to 3.7% from 4%.
Consumer price inflation in the UK remains stubbornly high, reaching 8.7% in April.
Inflation has fallen back in recent months, but still clocks in higher than in any other country in the Group of Seven.
Persons:
” Greene King, Greene King, Shepherd Neame, Brewer Greene King, Chris Ratcliffe, Emma McClarkin, ” McClarkin, Mark Carney, Brexit, ”, Carney, revel, “
Organizations:
London CNN — Brewers, CNN, Sunday, Bloomberg, Heineken, Beer and Pub Association, “ Brewers, Seven, Former Bank of England, Daily Telegraph
Locations:
United Kingdom, what’s