Action star trades gated Beverly Hills mansion for 20% less than the original asking price.
Beer tax cuts urged to save pubs
Several MPs have called for a reduction in beer taxes ahead of the Budget
Government backbenchers have urged Chancellor George Osborne to slash beer taxes in a bid to raise cheer in community pubs across the country.
But 15 days before the Budget, Treasury Minister Sajid Javid said he could do little more than promise the MPs the Government was aware of concerns on the alcohol duty escalator, which increases taxes on beer above inflation.
Raising a debate in Westminster Hall, Marcus Jones, Tory MP for Nuneaton, said the Chancellor should scrap the escalator to help preserve community pubs and slow down the rate of closures.
Mr Jones said: "This is also having a very detrimental effect on the fabric of our society because there is a high social impact when a pub closes."
He added: "I appreciate the work the Government has done in reducing the deficit, which has given us far lower interest rates and obviously helped the whole economy ... but I would also urge you to assess this beer duty escalator and beer duty in general."
Mr Jones said up to 10,000 jobs could be lost as a result of the continuing impact of the escalator so he called for the industry to be "given a break".
Tories Nigel Mills, MP for Amber Valley; Glyn Davies, MP for Montgomeryshire; and Andrew Griffiths, MP for Burton, joined the calls, alongside Liberal Democrat Greg Mulholland, MP for Leeds North West.
But Mr Javid said he could not give any firm commitments but highlighted a range of things the Government had done to support businesses in general, such as cutting corporation tax, and for pubs in particular, such as reforms to gaming machines.
He said: "If this Government was to cancel the 2% rises for beer that are planned, it would cost the Exchequer £35 million next year and £70 million the following year. Given the sums involved it would naturally be prudent for the Government to think carefully of the consequences of making any such tax changes.
"The Government does however keep all taxes under review and we regularly the monitor the impact of alcohol duty rates on both the industry and consumers."
related stories on msn
more on msn money
msn money poll
New research has found that families are spending an average of £180 on back-to-school supplies for their kids. Does this tally with your experience?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- Yes, that sounds about right to me
- Yes, but I think school supplies are getting more expensive every year
- No, the cost of new uniforms, stationery and sports kit takes us well past the £200 mark
- No, I wouldn’t spend anything like that amount on the little horrors!