Pint’s steep rise ‘reveals pub woes’
The GMB union said that in a growing number of cases, property firms were replacing brewers as the owners of pubs, while many locals were being priced out of the market.
Between 1991 and 2000, the average price of a pint of lager increased by 46 per cent, compared with a 27 per cent rise in inflation; a similar jump in price was seen between 2000 and 2010, said the union.
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Hide AdNational officer Paul Maloney said: “The financial engineering that led to local pubs being owned by bondholders based in offshore tax havens charging sky-high rents was organised by the City. It mirrors what happened at Southern Cross care homes. It is a myth that the City promotes free markets.”