According to the report, which was produced by Oxford Economics, the government's decision to freeze the beer duty escalator and cut a penny from the cost of a pint in 2013 and 2014 has given a the pub industry a huge boost, with very little cost to the Treasury.
The report estimated that by the end of next year, 500m more pints will have been sold and 16,000 more jobs will be created than if the escalator had been left in place. It found that investment by brewers and pub operators has already increased by £44m as a direct result of the cuts.
Additionally, cost to the treasury was minimal, with the loss of beer duty taxes offset by rises in sales and employment taxes.
Infographic: Cheers 2014 - the impact of the beer duty cuts