Autumn Budget a 'kick in the teeth' for wine and spirits

Oct 30, 2024 · The Wine Society CEO Steve Finlan dubbed the Budget an “assault on the wine industry”, and WineGB CEO Nicola Bates said that the group anticipates “that the more than …

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What Can The Drinks Trade Expect From The Budget?

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Oct 28, 2024 · Receipts from spirits fell by £757 million, from wine by £238 million and beer and cider by £320 million and £24 million respectively. ... Autumn Budget a 'kick in the teeth' for …

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Autumn Budget: British Government Increases Tax On Wine And …

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Oct 31, 2024 · During her Autumn Budget speech, Reeves revealed that UK inflation will average 2.5% in 2024, according to new calculations from the Office for Budget Responsibility (OBR). …

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Alcohol Tax Rise Is “kick In The Teeth” - Drinks Retailing

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Oct 30, 2024 · Using a forecast RPI rate for Q2 2025 of 3.65%, and taking into account the removal of duty easement, the WSTA said duty on a bottle of 14.5% abv wine would go up …

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Spirits Boss Warns Customers Could Pay More For Booze After Budget

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Oct 30, 2024 · He also changed the way duty was calculated for wine, which saw it increase in price by 20%. From September 2023 to August 2024 alcohol duty raised £11.8 billion, down …

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Boost For Pubgoers As Beer Price To FALL - The Sun

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Oct 30, 2024 · Ms Reeves had refused to rule out pushing up the tax on spirits, beer and wine, which will raise an extra £800million next year. Alcohol duty typically goes up in line with …

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Spirits Boss Warns Customers Could Pay More For Booze After …

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He also changed the way duty was calculated for wine, which saw it increase in price by 20%. From September 2023 to August 2024 alcohol duty raised £11.8 billion, down from £13.1 …

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FAQs about Autumn Budget a 'kick in the teeth' for wine and spirits Coupon?

Will people pay more for rum & vodka in labour's Autumn Budget?

The boss of a distillery company has said people might have to pay more for rum, vodka and gin drinks after a hike in alcohol duty in Labour’s Autumn Budget. Hannah Boon, the managing director of Distinct Distillers, described the move as ‘disappointing’ and said spirits makers might have to pass on the cost to customers. ...

Who would take action if the British government increased wine tax?

‘Any responsible chancellor would take action.’ Autumn Budget: The British government has announced that it will increase tax on wine and spirits in line with inflation from February next year. ...

Will draught drinks get a tax cut?

The price of wine and spirits is set to rise after a hike in alcohol duty was confirmed today by Rachel Reeves in her Budget - but draught drinks will see a tax cut. The Chancellor will be increasing rates on non-draught drinks in line with the Retail Price Index (RPI) figure from February 1, 2025. ...

Will draught beer & lager be a 'trick and treat' for Halloween?

But pubgoers ordering draught beer and lager at their local will see a slight reduction. The "trick and treat" Halloween package included: The penny off a pint might have been a white rabbit for some drinkers, but the spirits trade is furious at the inflation-tied increase in non-draught drinks. ...