The price of a pint could rise by around 10 pence due to the latest Covid restrictions, according to the president of the City Pub Group who said Christmas holiday cancellations had increased since the change to Plan B was announced on Wednesday .
Clive Watson said the cost of a pint is already set to rise by around 25 pence due to rising costs, including energy and salary bills, but weaker-than-expected trade during the key Christmas period would lead to further increases.
“For about 10 days, office parties started to be canceled, especially those that were funded by companies, so usually parties of 40 to 50 people,” he told the BBC’s Today program. Radio 4.
While some companies had postponed their celebrations until the New Year where there could be more certainty, others had canceled their parties altogether.
“After yesterday’s announcement it picked up again, so we saw… a significant drop in these types of bookings,” Watson said.
This could cause additional difficulties for chains such as City Pub Group, which owns 50 pubs in market towns and cities across the country.