Cheers! Penny off a pint of beer

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File photo dated 01/12/06 of a man drinking a beer. George Osborne will make a pitch to ordinary working people today when he delivers his penultimate Budget before the general election.  PRESS ASSOCIATION Photo. Issue date: Wednesday March 19, 2014. See PA BUDGET stories. Photo credit should read: Johnny Green/PA Wire

The Chancellor was said to be the toast of brewers, pubs and drinkers after announcing a 1p cut in the price of a pint for the second year running.

The industry said the move will protect 7,000 jobs, mainly of younger people working in pubs and bars.

Brigid Simmonds, chief executive of the British Beer and Pub Association, said: "This is fantastic news, and George Osborne is again the toast of Britain's brewers, pubs and pubgoers.

"It also shows that the Government has understood our case, that taxes on British beer had become far too high, and action was long overdue.

"I hope this becomes a trend in future budgets for this British-made, lower-strength drink."

Mike Benner, chief executive of the Campaign for Real Ale (Camra), said: "Camra is delighted to see the Chancellor implementing an unprecedented second consecutive cut of 1p in beer duty. This is not only about keeping the price of a pint affordable in British pubs but helping an industry which has been in overall decline continue on its long road to recovery.

"Camra cares greatly about the future of the great British pub and it is clear from this Budget announcement that the Government do too.

"Keeping the price of a pint affordable is vital for the long-term health of the pub sector and Camra would hope this latest vote of confidence in British pubs will go some way to slowing the rate of closures, by encouraging more people to make use of their local this summer.

"No doubt many of our 160,000 members will be raising a glass to the Chancellor this evening to toast another brilliant Budget for British beer drinkers."

The shrinking value of the pound

The shrinking value of the pound