Tag: prices slashed

 Iconic Edinburgh pub permanently slashes pint prices

The Old Chain Pier, one of Edinburgh’s most iconic pubs, is celebrating a historic milestone following the implementation of the new Scottish Pubs Code. The landmark legislation, which gives pub owners the right to request a rent-only agreement without being tied to a pub-owning business for stock supply, has empowered the venue to break free from restrictive purchasing obligations.

This newfound independence means the historic pub can stock a wider, more exciting range of  beers and permanently slash the price of its house lager to just £5 a pint, as well as reduce the price of all its beers.

To mark the occasion, The Old Chain Pier is hosting a massive, week-long celebration from Monday, 29th June to Sunday, 5th July. Throughout the entire week, all pints poured at the pub will be reduced to just £5. As part of the celebration The Old Chain Pier will also hand over its beer garden to three of Edinburgh’s finest local breweries, with free pints up for grabs.

The victory arrives at a critical time for the local hospitality sector. Edinburgh’s pubs and restaurants are currently navigating unprecedented financial pressures including high VAT, soaring business rates, road closures, rising Employer National Insurance Contributions (NIC), and the highest local authority charges in Europe for outdoor tables and chairs. 

Against this challenging backdrop, the Scottish Pubs Code provides a much-needed lifeline, finally allowing venues like The Old Chain Pier to operate fairly and pass those savings directly to customers and sell pints at true market prices.

January Watson, Area Manager for Malt Group, said: “The Scottish Pubs Code has been a massive relief for us. Operating in Edinburgh’s hospitality sector is incredibly tough right now with mounting taxes, rates, and the highest table and chair charges in Europe.

“Being able to step away from tied stock means we finally have the freedom to curate our own beer selection, support brilliant local breweries, and pass those savings directly on to our loyal customers with £5 pints.”

The week-long party promises fun for the whole family, two-legged and four-legged alike. Guests who book a table to dine from Monday, 29th June through Thursday, 2nd July will receive 20% off their food bill.

All week long, the pub’s famous beer garden will be transformed into a playground featuring giant Jenga, hopscotch, quoits, and cornhole. Additional festivities running throughout the week include live music performances, free face painting for all ages, and a pet fancy dress competition.

As the week progresses, Stewart Brewing Beer (Friday 3rd July), Newbarns Brewery (Saturday 4th July) and Campervan Brewery (Sunday 5th July) will take over the beer garden with free pints for the first 20 customers, complete with a garden BBQ serving up hot dogs, chicken kebabs, and more from 6:00 pm each evening.

More events and surprises for the week are still to be confirmed. Customers are encouraged to keep an eye on the pub’s website and social media channels for the latest updates.

For reservations and more information, please visit: https://www.oldchainpier.com/

Government cuts price of everyday items and summer essentials

  • Prices slashed on 89 foreign products – ranging from pasta, fruit juices and spices to plastics and gardening supplies – over next two years    
  • Cheaper imports will save businesses at least £17 million per year in a further bid to kickstart growth as part of the Plan for Change  
  • Savings could be passed onto families, mixologists and amateur gardeners through lower prices on everyday items and summer essentials 
  • UK committed to economic growth, business security and lower prices through free and open trade

UK businesses and consumers could benefit from lower prices on imports of everyday essentials like spices and juices as the Government takes further action to make the UK the best place to do business and kickstart economic growth.  

In a further demonstration of the government’s commitment to free trade and responding to business need, the UK Global Tariff will be temporarily suspended on 89 products saving UK businesses up and down the country at least £17 million a year.  

The products include plywood and plastics, which are essential for construction – making life easier for chippies all over the country.

Working in partnership with industry, the government has decided to suspend import tariffs on a whole range of products to lower costs for businesses, tariffs will now be cut to zero until July 2027.    

The savings to businesses on products such as pasta, fruit juices, coconut oil and pine nuts could be passed onto consumers just in time for the summer season, meaning lower food prices in supermarkets, restaurants and pubs.  

Products including agave syrup, often used in margaritas, and plant bulbs will also see tariffs removed meaning keen cocktail-makers and amateur gardeners could enjoy lowered costs as the warmer weather approaches. 

These changes will support key growth sectors such as advanced manufacturing and clean energy to compete with international rivals, supporting the Government’s Industrial Strategy with the Plan for Change.  

Business and Trade Secretary Jonathan Reynolds said: “Free and open trade grows economies, lowers prices and helps businesses to sell to the world, which is why we’re cutting tariffs on a range of products.  

“From food to furniture, this will reduce the cost of everyday items for businesses, with savings hopefully passed onto consumers. 

“As we face a new era of global trade, this government is going further faster to make Britain the best country to do business, delivering on our Plan for Change. These suspensions are just another example of that.”

Chancellor of the Exchequer Rachel Reeves said: “In a changing world we know families are anxious about the cost of living, and businesses uncertain about their future. That’s why we’ve announced lower prices on imports of everyday essentials – helping businesses to thrive and pass on savings to customers.

“Through our Plan for Change we’re supporting British business and putting more money in people’s pockets.”

The UK Global Tariff applies to goods entering the UK that do not qualify for preferential treatment under, for example, a free trade agreement.     

Businesses across the UK apply for temporary suspensions on a regular basis by providing evidence of the benefits to themselves, their sector and the wider economy.  

CBI Europe and International Director Sean McGuire: “In the face of an uncertain and unpredictable global trading environment, government should be commended for suspending import duties on an array of products.

Measures like these will be important for reducing the financial pressures on firms and help to drive growth for businesses of all sizes across the country.

The UK has already reduced tariffs on certain imported goods, benefitting British consumers with better choice, quality and prices on products like fruit juices from Peru and vacuum cleaners from Malaysia.   

The Government is going further and faster in negotiating trade deals with partners including India, the Gulf Cooperation Council, South Korea and Switzerland which will unlock new opportunities for businesses, support jobs, and boost wages.    

These measures come as the government acts swiftly to protect UK businesses and workers in a new era of global trade, through increasing flexibility on the zero emission vehicle (ZEV) mandate, cutting the red tape and bureaucracy that slows down clinical trials in the life sciences sector, investing up to £600 million in a new Health Data Research Service and backing a £30 million package to support the reopening of Doncaster Sheffield Airport which is expected to support 5,000 jobs and boost the economy by £5 billion.