The Mudcat Café TM
Thread #172486   Message #4208917
Posted By: Rain Dog
27-Sep-24 - 08:02 AM
Thread Name: BS: Brexit & other UK political topics - 3
Subject: RE: BS: Brexit & other UK political topics - 3
Actions sometimes have unintended consequences.

From The Guardian earlier this week

Fifty pubs a month shut in first half of year in England and Wales, figures show


"Meanwhile, reports suggest the chancellor, Rachel Reeves, is considering raising alcohol duties in next month’s budget as she looks to plug what Labour says is a £22bn hole in the public finances. However, this will be damaging for wine and spirits producers, who say they are still dealing with the fallout of the largest single duty increase in 50 years last year, when there was a 20% rise on 85% of wines.

On Friday, figures from HM Revenue and Customs showed there had been a £1.3bn drop in alcohol duty receipts in the 12 months up to the end of August, which the Wine and Spirit Trade Association attributes to a drop in sales caused by the higher duties.

Miles Beale, the chief executive of the WSTA, said: “Last year’s damaging reforms to the alcohol excise duty system, including the largest single duty hike in almost 50 years, have hit businesses, consumers and the government purse. Prices have risen, sales are down, and so is duty income by over £1.3bn.”

It is calling on the government to freeze duty on wine and spirits for at least two years to allow sales to recover."