Alcohol and tobacco duty up 2%

22 April, 2009

Chancellor Alistair Darling has announced a 2% increase in alcohol duty from midnight tonight in the Budget.

Despite lobbying from all sectors of the drinks trade, including OLN's Enough is Enough campaign, calls for a duty freeze have been ignored.

The Wine and Spirit Trade Association has condemned today’s announcement by the Chancellor that he intends to proceed with plans to raise taxes on alcohol this year.

The news brings further misery to hard-pressed consumers and threatens more job losses in a sector already facing record numbers of business failures and worsening trading conditions.

A spokesman said: “Today’s Budget set in train a 2% above inflation tax escalator on alcohol which, combined with last year’s 17% leap in excise duty, will raise duty on alcohol by around 40% by the time of the London Olympics.”

Tobacco duty will also be hiked by 2% from 6pm tonight.




Bookmark this


Site Search

COMMENT

Rosé tinted glasses

I was asked recently what I thought the biggest change had been in wine fashion in the past five years. My answer was unequivocal: sales of pink wines. From being a niche that expanded and contracted with the sunshine, rosé has subtly but steadily become a stalwart of many merchants’ ranges, with Provence firmly at the top and asked for by name.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter