How much is the Treasury making on extra 2.5% VAT?

19 March, 2010

Q The government has

reinstated VAT on alcoholic drinks to 17.5%. Has anyone calculated

how much this will raise for public finances???A Yes – the Treasury. It estimates the benefit to the Exchequer for the remainder of this tax year (calendar months of January, February and March) will be £160 million, although this presumably assumes sales are not harmed by the price increase – where it is passed on.

So over 12 months the figure would be four times that, £640 million.

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Hofmeister may need more than the bear essentials to succeed

So, George The Bear is back. It’s hard for some of us oldies to fathom, but there are those under, say, 40 who can’t actually remember Hofmeister and feel the cultural jolt supplied by the return of both the bear and the beer whose marketing campaigns it used to front.

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Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
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