Chancellor Rishi Sunak has confirmed the details of the government’s Winter Economy Plan, including a new Job Support Scheme that will replace furlough when it closes on 31 October, and an extension of the VAT break for hospitality until 31 March 2021.
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Duty on wines, spirits and beers is to be frozen, new Chancellor Rishi Sunak announced in today’s budget, allaying trade fears of another rise in line with inflation.
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A group of 14 MPs has made a last call to the government to cut duty ahead of Wednesday’s Budget.
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The Wine and Spirit Trade Association (WSTA) this week reiterated the “bleak picture” a ‘no deal Brexit’, combined with the pending duty rise, would paint for UK wine importers.
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Pub landlords and spirits importers will be breathing a sigh of relief this morning, but not the nation’s wine trade – which is looking at an extra £90 million bill in duty next year.
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Philip Hammond is being urged to abolish ‘debilitating’ business by some of the UK’s leading restaurateurs.
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The Scotch Whisky Association (SWA) has called on the government not to increase excise duty in the Autumn Budget.
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The freeze on alcohol duty at last November’s Budget has given the Treasury a £67 million boost in just four months.
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CAMRA, the body which represents the interests of the UK beer and cider industry, has expressed concerns that artisanal cider producers who producer higher ABV products could be tarred by the same brush which is intended to increase duty on high-alcohol, cheaply made ciders.
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Duty on wines, spirits and beers is to be frozen, Chancellor Philip Hammond announced in today’s budget, allaying trade fears of another rise in line with inflation.
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Philip Hammond is being labelled a “scrooge” after it was revealed he will be one of the worst Chancellors to tax the wine and spirit sector if he pursues the planned increase in the Budget tomorrow (Wednesday, 22 November).
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Budget speak explained by the WSTA
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Trade associations have called on Chancellor Philip Hammond not to increase duty rates for the second time in a year.
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Just one in 10 of the British public believe that increased taxes on alcohol goes towards helping people who misuse alcohol, according to new research by Drinkers’ Voice released today.
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Major English and Welsh wine producers have joined forces with the Wine & Spirit Trade Association (WSTA) to lobby the Chancellor for a cut to wine duty in the November Budget.
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