How warning on tax increase

16 April, 2009

The new chairman of the Wine & Spirit Trade Association has warned that further tax increases on alcohol will force more drinks firms to cut back on jobs and investment.

Former Majestic boss Tim How made the warning after his appointment was confirmed at today’s annual general meeting of the WSTA.

How said: “The last thing the industry and consumers need now is another tax increase which can only make matters worse in this difficult economic climate.

“I fear that further tax increases this year will lead to more cutbacks by businesses already struggling in the face of falling sales.”

How’s appointment was welcomed by his predecessor Christopher Carson.

Carson said: “It’s been a privilege to help build industry support for the WSTA in the face of growing public policy challenges in recent years.

“I am confident that Tim’s experience in the business will continue to provide the industry with a strong voice.”

Treasury Minister Angela Eagle has already indicated that the Budget won’t include any government U-turn on a planned 2%-above-inflation duty rise, announced by Alistair Darling last year.

To voice your opposition to the tax increase, join OLN’s campaign by texting “ENOUGH” to 82055. Mobile phone users will be charged 10p by their network provider. OLN makes no profit from the charge.

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