00:00 There we go. How's that?
00:07 Thank you very much.
00:08 There it is, all right.
00:09 Fantastic.
00:10 Well, today marks the biggest shake-up of alcohol taxes in a century.
00:15 I announced them as Chancellor and today they're being delivered.
00:18 The centrepiece of those reforms is backing British pubs.
00:22 Now that we've left the EU, we can ensure that the tax you pay for beer on draft at pubs
00:27 is lower, less than the tax you pay for beer at the supermarkets.
00:31 But we're also radically simplifying the system so that the lower the alcohol in a drink,
00:36 the less tax you pay.
00:37 And that means price cuts on a range of popular drinks,
00:40 whether that's fruit ciders, cocktails in a can, Baileys or sparkling wine like Prosecco.
00:46 We're also growing the economy by cutting taxes for small producers
00:50 so they can expand and employ more people.
00:52 Taken together, taken advantage of our Brexit freedoms to back British pubs.
