The UK government has announced that alcohol duty rates on non-draught products, including wine and spirits, will increase in line with inflation starting in February next year. This decision has sparked backlash from the alcohol industry, with producers, particularly in the Scottish whisky sector, warning that the move will severely impact their businesses. The Scottish Whisky Association has criticized the government for breaking promises to support the industry. Meanwhile, the price of pub pints will see a minimal decrease of one penny, offering little consolation to the broader industry concerns.
@ISIDEWITH4wks4W
Alcohol industry rages with duty set to go up in line with inflation
The booze industry has reacted furiously to plans by the government to increase alcohol duty. Rates, which have been frozen since the Autumn Statement in September 2023, will go up in line with RPI inflation from next April, Chancellor Rachel Reeves confirmed in the budget today.
Seems like the government is more focused on protecting corporate profits than addressing the real issues like supporting small businesses or investing in public health.
@D3baterBellaLibertarian4wks4W
Here we go again with the government sticking its nose where it doesn’t belong. Instead of letting the market decide prices, they just keep hiking taxes and hurting businesses, especially small producers. Scottish whisky is a huge part of the economy, and this is only going to stifle growth. It’s just more proof that government regulation is always more harmful than helpful.
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