The pub industry has welcomed many of the measures outlined in this week's Budget.

Chancellor of the Exchequer George Osborne unveiled his final Budget before the general election on Wednesday (March 18th), which contained a number of headline-grabbing measures.

For instance, he knocked 1p off beer duty for the third year in a row - a move that has been praised by a number of industry bodies.

The British Beer & Pub Association was among those to commend Mr Osborne, stating that this third successive beer tax cut "shows he has listened to consumers, publicans and brewers".

Brigid Simmonds, chief executive of the body, said beer duty is now 10p lower than it would have been had the beer duty escalator not been abolished.

She predicted the move would boost employment by 3,800 during 2015 and encourage extra investment. Furthermore, Ms Simmonds said beer drinkers and pubgoers will benefit from an extra £180 million in their pockets.

The Association of Licensed Multiple Retailers, meanwhile, described the third successive cut in beer duty is an "historic" development.

Kate Nicholls, chief executive of the organisation, said the measures unveiled in the Budget will "undoubtedly benefit licensed hospitality businesses".

This, she stated, means customers will have more money to spend and businesses will be able to invest more heavily.

Tim Page, chief executive of the Campaign for Real Ale, added that a further cut in beer tax represents a "huge vote of confidence in the importance of pubs and brewing".

He said it will help to make sure the sector can return to long-term growth following "many years of pub closures and falling beer sales".

Mr Page went on to note that the two recent cuts in beer duty have already had a "huge impact", as they have led to more than 1,000 pubs being saved from closure and allowed the price of a pint to stay down.