Britain's favourite pint is watered down

Admitting to watering down your bitter while charging extra for it - a price rise of 2.5p a pint - doesn't sound the savviest commercial move ever. But Yorkshire brewer John Smith says cutting the alcohol content of its Extra Smooth pint while charging more must go ahead.

Rising costs and taxes are blamed, helping George Osborne grab more than £9bn a year in beer taxes.%VIRTUAL-SkimlinksPromo%