Property News Licensed and Leisure Glasses

Licensed & Leisure

Colliers International have welcomed the new alcohol pricing strategy, announced by the Government last week.

The proposed minimum price of 40 pence per unit recognises that one of the main issues around alcohol abuse is the availability of cheap drink in the retail sector. The low-priced alcohol offered in supermarkets and off-licences has made the life difficult for the owners and operators of pubs throughout the UK and has contributed in part to the closure of an average of 16 pubs per week in 2011 (CAMRA), and on-trade beer sales decline of 3.4 per cent (BBPA).

Colliers International Head of Licensed and Leisure James Shorthouse said, “There is no doubt the proposed minimum pricing strategy will impact the sales of high strength alcohol at low prices in the retail distribution channel. Super strength cider being sold for less than the price of mineral water can’t be considered to be socially responsible. “

James added, “It is encouraging to see that, in introducing this proposal, the Government is recognising the role pubs play in responsible alcohol retailing.”

United Kingdom
50 George Street London W1U 7GA | Tel: +44 20 7935 4499