Borough Market is home to The Rake, where a pint of Cloudwater Double IPA will set a drinker back £13.40 Neil Hall/ReutersAle lovers have been crying into their beer this week over the revelation that a London bar is charging £13.40 for one of its premium pints. The price of Cloudwater’s 8.2 per cent Double IPA at The Rake, a bar in Borough Market, Southwark, is almost four times the UK average. The Rake in Borough Market, SouthwarkTwitter users called the beer “ridiculously marked up”, “hideously expensive” and “steep even by London standards”, as reported by the Morning Advertiser, the newspaper for the licensed trade. Utobeer, which runs the bar, defended the price: “We are not making vast profits. We work to a margin like all businesses and if we stopped we’d start losing money and eventually go out of business.”Paul Jones,…

Source: The Times August 25, 2017 23:01 UTC