Beer and Pub Taxation
Debate between John Howell and Mike Wood(4 years, 2 months ago)
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John Howell
I thank my hon. Friend for giving way. One of the things I have been most proud about over the last 12 years is that, at the beginning of that period, we introduced assets of community value. If that system is operated properly, as it has been in my constituency, it allows a huge number of pubs to become self-owned by their communities so that they can continue to prosper. Does he see that system as a good way forward?
Mike Wood
We have some exceptionally good community-run pubs up and down the country; I visited one in Stafford a couple of years ago. It was on the point of closing down and could easily have become derelict. However, because of the assets of community value system, it was possible for the local community to take it on and see it succeed. We are also seeing such pubs in Twickenham, and I have a feeling that the hon. Member for St Albans (Daisy Cooper) may refer to similar schemes in her own constituency later in the debate.
As well creating and supporting jobs, the beer and pub sector is a massive contributor to the economy more widely and, of course, to the Exchequer, as the Minister will know. The sector’s total value to the economy is almost £23 billion; in my constituency, our breweries and pubs contribute £30 million to our local economy. Nationally, the sector pays almost £13 billion into Treasury coffers, which I am sure the Minister is grateful for ahead of the Budget.