Time to have beer and a story (4)
I believe the answer is:
tale
'a story' is the definition.
(I know that story can be written as tale)
'time to have beer' is the wordplay.
'time' becomes 't' (abbreviation).
'to have' says to put letters next to each other.
'beer' becomes 'ale' (type of beer).
't'+'ale'='TALE'
'and' acts as a link.
(Other definitions for tale that I've seen before include "Shakespeare play: 'The Winter's . . . .'" , "A story, perhaps out of school" , "Story or anecdote" , "See 20" , "Yarn or story" .)