BrewDog's chief executive has warned that the UK brewing and pub sector has been hit by more than £1bn in additional costs over the past 12 months, driven by rising energy bills, labour costs, ingredient and packaging prices, as well as new taxes and regulatory charges.

“In the past year alone, energy and utilities, wages, National Insurance contributions, raw materials, packaging and regulatory costs have all moved in the wrong direction,” said James Taylor. “We estimate that, taken together, these cost increases have added more than £1bn to the sector’s collective bill.”

BrewDog calculates that to recoup these costs the sector would have to sell an extra 950,000 pints every hour.

BrewDog recently announced job cuts , UK bar closures and the sale of its Lost Forest estate near Aviemore

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