Brewdog puts 100 jobs at risk as beer giant to close ten bars this week
The closures, effective from 26 July, are expected to put nearly 100 jobs at risk.
The company stated that the decision was made because the bars were not commercially viable, citing rising costs, increased regulation, and broader economic pressures.
Founder James Watt confirmed the closures are part of an estate refresh but reiterated plans to expand the bar business with new 'destination' and community-focused venues.
Brewdog is working to minimise the impact on staff, aiming to redeploy many affected team members within its network.
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The Independent
21 minutes ago
- The Independent
Starmer's former shadow chancellor urges Reeves to consider wealth tax at next budget
Former Labour minister Anneliese Dodds has urged the government to consider a wealth tax at the next budget in order to plug holes in the public finances. The former shadow chancellor – who quit Sir Keir Starmer's government in February over the PM's decision to cut the foreign aid budget to fund a boost in defence spending – warned that spending cuts will not 'deliver the kind of fiscal room that is necessary'. It comes amid mounting questions over how the government will raise the money to fill the black hole in the public finances left by a series of major U-turns and spending commitments. Ministers have already squeezed significant savings out of their departments in cuts that were unveiled at last month's spending review, meaning there is now a mounting expectation that the chancellor will be forced to raise taxes instead. But Labour's manifesto pledge not to raise taxes on 'working people' leaves the chancellor with a limited number of workable options. Speaking to Sky News' Electoral Dysfunction podcast, Ms Dodds pointed to work undertaken by the Commission on Wealth Tax. 'They looked at the operation of lots of different wealth tax. They looked at all of that evidence and set out how it would be possible to deliver something like that in a UK context', she said. 'I would hope that the Treasury is considering that kind of evidence as well as other changes that have been put forward. 'We've seen the deputy leader of the Labour Party, for example, put forward suggestions. I think it's important for all of those to be considered now." It comes after a memo leaked earlier this year showed Ms Rayner suggesting eight wealth taxes on the super-rich and corporations in a move supporters described as the 'progressive alternative'. Ms Dodds added: 'I don't think you can, particularly via cuts, actually deliver the kind of fiscal room that is necessary. But I know Rachel will be thinking deeply about this.' The Labour MP for Oxford East also urged the government to take a 'longer term approach' to the public finances, after the prime minister was bounced into a £5bn U-turn on welfare cuts by his own MPs. Speaking about the welfare cuts, Ms Dodds said: 'It can sometimes seem like the right thing to do for tactical reasons, in order to deal with a gap that had opened up because of the OBR's assessment, to try and plug that by cutting spending. 'It may make sense tactically, but strategically a longer-term approach is needed and that's the big issue that the government has to face up to.' The government has so far failed to rule out a wealth tax, but the prime minister has previously said 'we can't just tax our way to growth' when pressed on the subject at PMQs last month. Rachael Maskell, the leader of the rebel Labour MPs who forced Sir Keir to abandon his welfare reforms, called for a wealth tax to meet the cost of the U-turn, suggesting that as much as £24bn a year could be raised by increases in capital gains tax and other measures. pensioners following a U-turn on the issue earlier this year will cost the Treasury a further £1.25bn. The Treasury has been contacted for comment.
The Independent
21 minutes ago
- The Independent
Wealth tax should be considered by Treasury, former Labour minister suggests
A former Labour minister has suggested a wealth tax should be considered by the Treasury, as she argued the Government must face up to the fact that a longer-term approach is needed. Anneliese Dodds has argued it is 'important' for the Government to consider evidence set out by the Wealth Tax Commission, which looked at whether such a tax would be desirable and deliverable in the UK. In its final report, released in 2020, the Commission said a one-off wealth tax on millionaire couples paid at 1% a year for five years would raise £260 billion. Others in the Labour Party, including former leader Lord Neil Kinnock and Wales's First Minister Baroness Eluned Morgan, have also called for a wealth tax. Union leaders, including Sharon Graham of Unite, are also pressuring ministers to consider the move. A tax on the wealthy has not been formally ruled out by ministers, but Business Secretary Jonathan Reynolds branded the idea as 'daft' in June this year. Ms Dodds resigned as a Foreign Office minister over the Government's decision to cut overseas aid to fund a boost to defence spending in February. Speaking to Sky News' Electoral Dysfunction, she said work undertaken by the Wealth Tax Commission 'has changed the debate'. The MP for Oxford East added: 'They looked at the operation of lots of different wealth tax. They looked at all of that evidence and set out how it would be possible to deliver something like that in a UK context. 'I would hope that the Treasury is considering that kind of evidence as well as other changes that have been put forward. 'We've seen the deputy leader of the Labour Party, for example, put forward suggestions. I think it's important for all of those to be considered now.' On Rachel Reeves' approach to welfare, Ms Dodds said: 'An attempt was made to deal with a quite immediate problem, but I don't think you can, particularly via cuts, actually deliver the kind of fiscal room that is necessary.' 'It may make sense tactically, but strategically a longer-term approach is needed and that's the the big issue that the Government has to face up to,' she added.
Sky News
22 minutes ago
- Sky News
Former Labour minister Anneliese Dodds says she 'hopes' Rachel Reeves is considering wealth tax
A former Labour minister has said she wants Rachel Reeves to consider the "evidence" behind introducing a wealth tax in the UK. Anneliese Dodds, who quit as international development minister in February over Sir Keir Starmer's decision to slash the overseas aid budget, said she believed it was "important" that the government considers "who has the broadest shoulders". Speaking to Beth Rigby on the Sky News Electoral Dysfunction podcast, Ms Dodds, the MP for Oxford East, said there had been a "lot of discussion" about a wealth tax - a direct levy on all, or most of, an individual's, household's or business's total net wealth, rather than their income. Ms Dodds, who also served as shadow chancellor when Labour was in opposition, said she had been "a bit sceptical about some of those claims for a long time because, of course, wealth is taxed in the UK". However, she said work carried out by the Wealth Tax Commission in 2020 had looked at various types of international wealth taxes and how it would be possible to deliver one in a UK context. 1:57 She added: "I would hope the Treasury is considering that kind of evidence, as well as other changes that have been put forward." The former cabinet minister also said that tax proposals outlined by Deputy Prime Minister Angela Rayner to Rachel Reeves should be "considered". In a memo that was leaked to the Daily Telegraph in May, Ms Rayner suggested to the chancellor that she increase taxes, including reinstating the pensions lifetime allowance and a higher corporation tax level for banks. "We've seen the deputy leader of the Labour Party, for example, put forward suggestions as I understand it," Ms Dodds said. "I think it's important for all of those to be considered now." Ministers have signalled they will not bring in a wealth tax to balance the books, with Business Secretary Jonathan Reynolds branding the suggestion "daft". Speaking to GB News last week, Mr Reynolds said: "This Labour government has increased taxes on wealth as opposed to income - the taxes on private jets, private schools, changes through inheritance tax, capital gains tax. "But the idea there's a magic wealth tax, some sort of doesn't exist anywhere in the world. "Switzerland has a levy, but they don't have capital gains or inheritance tax. There's no kind of magic. We're not going to do anything daft like that. "And I say to people: 'Be serious about this.' The idea you can just levy everyone. What if your wealth was not in your bank account, what if it was in fine wine or art? How would we tax that? This is why this doesn't exist. "There's a lot of populism out about this, and I'm frustrated. I see colleagues sometimes say this in parliament and I say: 'Come on, get serious.'" Ms Dodds said that while she had not spoken directly with Ms Reeves about a wealth tax, she believed the "trade-off we have to consider in a world of lots of difficult trade-offs is potentially making some big and significant changes early, or having to make many tactical changes through the parliament and potentially being forced into some of those difficult decisions anyway later on".
