extortion

[angermanagement]

Received my car insurance renewal yesterday. Was £670 last year, no accidents or claims, 6 years no claim bonus and the feckers are looking £3760.

Is that a like for like quote?

If so, crazy stuff.

Exact same quote. No mistake. English crowd, excuse was they could only get one company to quote for the six counties. To be fair to the fella I spoke to who, he just said wow when he seen the quote and said i'll cancel your insurance with us next month.

[toby47]

What are pubs paying Diageo per pint nowadays? Couldn't be much over £2?

Yeah nearly £2 on the button.

[Tony Baloney]

What are pubs paying Diageo per pint nowadays? Couldn't be much over £2?

Yeah nearly £2 on the button.

So a 7 quid pint has a fiver going to the publican - 440 for a keg. Obviously that doesn't take into account the many overheads a business owner has, but it's mad that small places operating at low volumes can charge much less and still keep going.

[Armagh18]

The price of a keg goes down the more you're ordering.

[thewobbler]

The price of a keg goes down the more you're ordering.

By a few pence yes.

[thewobbler]

What are pubs paying Diageo per pint nowadays? Couldn't be much over £2?

Yeah nearly £2 on the button.

So a 7 quid pint has a fiver going to the publican - 440 for a keg. Obviously that doesn't take into account the many overheads a business owner has, but it's mad that small places operating at low volumes can charge much less and still keep going.

The traditional pub model was a ratio of 3:1 on purchases i.e if a drink sold at £3, roughly £1 was for the wholesaler, £1 was for cost of business (staff, heat, light, insurance, tv, etc), and £1 was profit/loan repayments/reinvestment.

Diageo (and other brewers) have made this model unsustainable in recent years, as bars attempting to charge £6 for a pint when the same core product is available in off sales for around £1, should put themselves out of business.

When I say should, Belfast city centre's pub scene is effectively a cartel and they got together during Covid to agree minimum pricing i.e. a return to 3:1 ratios on pints.

Which as a move I suppose I'd support in general, except those shower of profiteering c***ts are now using a baseline 3:1, and are charging upwards on 8:1 ratios for mixed drinks and "premium" bottled beers.

Then they appear in the press every few weeks claiming poverty.

No harm to any of them. If they're converting £12 bottles of Smirnoff into £120 cash on repeat, and still claiming poverty, then they're on the take.

[seafoid]

I heard yesterday that 60% of alcohol is consumed at home now.

[general_lee]

So why is a pint in Belfast £6+?
Is it solely because of some imaginary cabal price gouging (see Beannchor) or is there actually more to it?

Belfast city centre pubs pay 20% VAT, in Dublin it's 13.5% (was 9%). UKGov refuses to reduce VAT for hospitality & tourism.

There is no rates relief in Belfast city centre (or NI) for hospitality businesses that is available elsewhere in the UK. So when the council raise their non-domestic rates, pubs and restaurants here get slaughtered.

Despite handsome profits last year, Diageo have announced their latest price increase - this is the one that makes the news but other breweries and suppliers have also put their prices up in the past 12 months.

Many Belfast city centre pubs employ people on minimum wage. When that goes up next month, they will be paying their bar staff more. They then have to pay supervisors, managers etc more as well. If they hire external contractors such as a cleaning company, that bill will also increase.

Wetherspoons, despite being a messy, under-staffed, McDonald's that serves alcohol and cheap, nasty food, has still increased prices twice in the last 6 months. The industry is fucked.

[Franko]

What are pubs paying Diageo per pint nowadays? Couldn't be much over £2?

Yeah nearly £2 on the button.

So a 7 quid pint has a fiver going to the publican - 440 for a keg. Obviously that doesn't take into account the many overheads a business owner has, but it's mad that small places operating at low volumes can charge much less and still keep going.

The traditional pub model was a ratio of 3:1 on purchases i.e if a drink sold at £3, roughly £1 was for the wholesaler, £1 was for cost of business (staff, heat, light, insurance, tv, etc), and £1 was profit/loan repayments/reinvestment.

Diageo (and other brewers) have made this model unsustainable in recent years, as bars attempting to charge £6 for a pint when the same core product is available in off sales for around £1, should put themselves out of business.

When I say should, Belfast city centre's pub scene is effectively a cartel and they got together during Covid to agree minimum pricing i.e. a return to 3:1 ratios on pints.

Which as a move I suppose I'd support in general, except those shower of profiteering c***ts are now using a baseline 3:1, and are charging upwards on 8:1 ratios for mixed drinks and "premium" bottled beers.

Then they appear in the press every few weeks claiming poverty.

No harm to any of them. If they're converting £12 bottles of Smirnoff into £120 cash on repeat, and still claiming poverty, then they're on the take.

A massive bug bear of mine.

If you're going to gouge consumers and they're happy to come back for a gouging time and time again, well fair play to you.  Fill yer boots.

But not content with that, the city centre cartels feel they need a slice out of the tax/rate payer also.

Greedy cnuts, fronted by the insufferable Colin Neill

[Rossfan]

What are pubs paying Diageo per pint nowadays? Couldn't be much over £2?

Yeah nearly £2 on the button.

VAT? Excise duty?

[Tony Baloney]

So why is a pint in Belfast £6+?
Is it solely because of some imaginary cabal price gouging (see Beannchor) or is there actually more to it?

Belfast city centre pubs pay 20% VAT, in Dublin it's 13.5% (was 9%). UKGov refuses to reduce VAT for hospitality & tourism.

There is no rates relief in Belfast city centre (or NI) for hospitality businesses that is available elsewhere in the UK. So when the council raise their non-domestic rates, pubs and restaurants here get slaughtered.

Despite handsome profits last year, Diageo have announced their latest price increase - this is the one that makes the news but other breweries and suppliers have also put their prices up in the past 12 months.

Many Belfast city centre pubs employ people on minimum wage. When that goes up next month, they will be paying their bar staff more. They then have to pay supervisors, managers etc more as well. If they hire external contractors such as a cleaning company, that bill will also increase.

Wetherspoons, despite being a messy, under-staffed, McDonald's that serves alcohol and cheap, nasty food, has still increased prices twice in the last 6 months. The industry is fucked.

I was in Belfast over the weekend and plenty of hoardings up around construction sites for new "coming soon" bars, restaurants etc. You'd think Belfast is a saturated market but business owners must think there is profit to be made from the tourist sector in particular.

[toby47]

So why is a pint in Belfast £6+?
Is it solely because of some imaginary cabal price gouging (see Beannchor) or is there actually more to it?

Belfast city centre pubs pay 20% VAT, in Dublin it's 13.5% (was 9%). UKGov refuses to reduce VAT for hospitality & tourism.

There is no rates relief in Belfast city centre (or NI) for hospitality businesses that is available elsewhere in the UK. So when the council raise their non-domestic rates, pubs and restaurants here get slaughtered.

Despite handsome profits last year, Diageo have announced their latest price increase - this is the one that makes the news but other breweries and suppliers have also put their prices up in the past 12 months.

Many Belfast city centre pubs employ people on minimum wage. When that goes up next month, they will be paying their bar staff more. They then have to pay supervisors, managers etc more as well. If they hire external contractors such as a cleaning company, that bill will also increase.

Wetherspoons, despite being a messy, under-staffed, McDonald's that serves alcohol and cheap, nasty food, has still increased prices twice in the last 6 months. The industry is fucked.

latest accounts article i could see for Beannchor. £6.3million pre-tax profits for a year.

[seafoid]

Diageo pays about half of profits in dividends.

This has to keep growing..

https://www.dividendmax.com/united-kingdom/london-stock-exchange/beverages/diageo-plc/dividends

[Franko]

So why is a pint in Belfast £6+?
Is it solely because of some imaginary cabal price gouging (see Beannchor) or is there actually more to it?

Belfast city centre pubs pay 20% VAT, in Dublin it's 13.5% (was 9%). UKGov refuses to reduce VAT for hospitality & tourism.

There is no rates relief in Belfast city centre (or NI) for hospitality businesses that is available elsewhere in the UK. So when the council raise their non-domestic rates, pubs and restaurants here get slaughtered.

Despite handsome profits last year, Diageo have announced their latest price increase - this is the one that makes the news but other breweries and suppliers have also put their prices up in the past 12 months.

Many Belfast city centre pubs employ people on minimum wage. When that goes up next month, they will be paying their bar staff more. They then have to pay supervisors, managers etc more as well. If they hire external contractors such as a cleaning company, that bill will also increase.

Wetherspoons, despite being a messy, under-staffed, McDonald's that serves alcohol and cheap, nasty food, has still increased prices twice in the last 6 months. The industry is fucked.

Bollocks

As someone pointed out, Beannchor Group posted a 5m (net... I repeat net) profit after tax on a 28m turnover in 2022.

They are printing money

And wanting an already underfunded BCC to put the cherry on top

[tonto1888]

who, or what, is Beannchor