The UK chancellor George Osborne is facing a £100 million shortfall in the duty he collects from alcohol, according to new figures released by the Wilson Drinks Report.
The Wine and Spirit Trade Association (WSTA) has claimed that the government’s wine and spirits duty escalator is to blame for the UK’s high alcohol prices.
Analysis from the WSTA has found women to bear the financial brunt as the beer tax cut is wiped out by wine and spirit increases.
George Osborne grabbed the headlines with his cut in beer duty, but analysis of the detail in Treasury background papers reveals considerable sleight of hand.
While the beer industry celebrates the scrapping of the beer duty escalator and a cut in duty, those in the wine, spirits and cider industries were left disappointed by George Osborne’s Budget.
The beer industry has reacted positively to George Osborne’s Budget announcement that he will scrap the beer duty escalator and cut beer duty by 1p.
Various news reports this morning claim that UK Chancellor George Osborne will freeze the duty escalator on beer in today’s Budget.
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