Price Of A Pint Set To Rise
Despite seeing the cost of living continue to power ahead there are now concerns about yet another rise in the price of the humble pint. It seems that even after a hard days work it is going to cost us all a little more to unwind.
The news of the proposed rise has been released by SABMiller and is sure to be followed by rivals as raw material costs continue to move higher. While SABMiller’s exposure to the UK is fairly light compared to the size of the overall group it will still mean price rises far and above the rate of inflation â€" not to mention the now annual increase in tax on alcoholic beverages.
SABMiller also confirmed that they had taken a look at UK group Scottish and Newcastle before its eventual carve up last month but decided to drop out when the bidding rose too high. While it would be wrong to say that takeovers and mergers have disappeared in the UK, there has been a marked reduction in numbers and prices have fallen steadily. Many people believe that we will see a sudden rush of mergers and acquisitions as and when the UK economy hits the bottom, but time will tell.
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