You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Friday 3 July 2015

If that's interesting, how about these?

World's cheapest city for a beer revealed

The average price of a bottle of beer is £1.07 in Krakow and Kiev, making them more...

Flavoured styles lead drinks NPD

A new report from Nielsen shows that flavoured variants are dominating more...

Tesco sales take a tumble despite price cuts

Tesco's like-for-like sales fell by 1.3% in the three months to 30 May, an more...

Global Wine Buyer

London, United Kingdom

Competitive

UK market in growth as price increases slow

The latest figures from the Wine and Spirit Trade Association show that more...

Shock over wine named 'dung' in German

A row has broken out over a decision by St Tropez's wine co-operative to name more...

SWA creates heavyweight London team

The Scotch Whisky Association has appointed a number of senior high-fliers from more...

PR Senior Account Manager/Director

London, United Kingdom

Depending on experience

Diageo closes in on £200m Gleneagles deal

Drinks giant Diageo is reportedly “close” to agreeing a sale of its luxury more...

Chinese student builds house out of beer bottles

An engineering graduate and his father have built a two-storey house made out more...

Bar launches festival-themed cocktail list

Matt Whiley, the liquid alchemist in charge of Peg + Patriot, the bar at the more...

Sales Executive - Wines & Spirits Competitions

London, United Kingdom

Competitive

Diageo 'shelves' £240m Chinese scheme

Swellfun, the Chinese subsidiary of drinks giant Diageo, has reportedly more...

Benevolent launches Ambassador drive

UK drinks trade charity The Benevolent is calling for volunteers from the trade more...

Lidl hints at plans for online wine shop

UK supermarket Lidl has not ruled out launching an online wine shop, reporting more...

Marketing and eCommerce Manager

London, United Kingdom

Competitive, includes equity options

UK vineyards included in tax relief scheme

Winemakers in the UK will be able to benefit from income tax changes for the more...

Top 10 Hong Kong craft beer bars

Anyone looking to quench their thirst with a ginseng microbrew should more...

Oregon producer takes international view

One of Oregon’s youngest wine estates has partnered with Jackson Family Wines more...

Hatch Mansfield – Brand Manager

London, United Kingdom

Competitive salary

UK customs seize 550,000 litres of alcohol

More than 550,000 litres of illegal beer, wine and spirits have been seized by more...

Yealands sells majority stake

Yealands Family Wines' owner Peter Yealand has agreed to sell 80% of the more...

Beer festival in China’s Muslim area angers 'exiles'

In China’s predominantly Muslim region of Xinjiang, exiled groups of Uighur more...

London Sales Manager / Key Account Manager

London, United Kingdom

Competitive - depending on skills and experience

UK reviewing alcohol intake guidelines

Health officials are to review the government's drinking guidelines, as more...

World's best beer and wine festivals

Forget Glastonbury, these are the festivals you should be making a beeline for more...

Trade talk: Budget 2014 reaction

20th March, 2014 by Lauren Eads

Following the Chancellor’s decision to scrap the controversial alcohol duty escalator in yesterday’s Budget, we round up reaction to the news from some of the industry’s most prominent figures.

money_pounds

Rather than automatically increasing by 2% each year, duty on wine and spirits will now rise in line with inflation saving the industry an estimated £175 million in additional duty payments, according to the Wine and Spirit Trade Association (WSTA).

The decision follows a successful campaign, spearheaded by the Wine and Spirit Trade Association, along with the Scotch Whisky Association and The TaxPayers’ Alliance.

Since the alcohol duty escalator (ADE) was introduced in 2008, tax on wine has increased by 50% and by 44% on spirits which campaigners argued was costing the industry “vital jobs and unfairly hitting consumers in the pocket”.

As a result of the changes, wine duty is set to rise by RPI inflation (2.5%), instead of the expected 4.5%, and spirits duty and most ciders will be frozen altogether for at least this year.

The chancellor also announced a cut to beer duty of one pence per pint.

Scroll through to see how figures within the drinks industry have reacted to the news…

One Response to “Trade talk: Budget 2014 reaction”

  1. Frank Vreiman says:

    So yet again wine tax goes up. Libs, Lab and Cons have all increased wine tax every year for the last 10 years. Thus those 3 Parties all hate wine drinkers. Well I’m going to return the favour by voting UKIP, the only major party not hurting us wine drinkers!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>