England’s “No nonsense beer” loses alcohol, gains nonsense

A pint of one of Yorkshire's finest

A pint of one of Yorkshire’s finest (Photo credit: Gene Hunt)

John Smith’s Extra Smooth, the “No nonsense beer” is being culled from 3.8 to 3.6% alcohol to lessen its tax rate while simultaneously having its price increased by parent company Heineken to cover rising production costs.

In related news, have you noticed your coffee not tasting as rich as it used to? Well your suspicions may be correct. As inflation is pushing commodity prices higher sticky-prices for coffee may have encouraged the substitution to lower quality ingredients.

To put this in economic terms: both austerity and inflation suck for us consumers.

Advertisements
This entry was posted in Austerity, Inflation, Political Economy, Public Finance and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s