'More pubs will close' warning (From Witney Gazette)
Beleaguered pubs, already closing at the rate of 1,800 a year nationwide, will be hit hard again by the increase in VAT which came into force this week, according to a group of Oxford economists, who also predicted that about 8,800 jobs will be lost in the beer business.
The average price of a pint of lager will break through the £3 barrier for the first time, thanks to the VAT increase from 17.5 per cent to 20 per cent and to the 26 per cent increase in beer duty imposed on the trade over the past two years.
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