UK budget 2011 'unhelpful' say wine merchants
UK budget 2011 'unhelpful' say wine merchants
Mar 23, 2011 6
The UK wine industry is more resigned than angry as the Budget confirms the price of wine will rise by around £0.15 a bottle. Many said they would not lose customers, but any sort of tax hike in the current climate was unhelpful. Chancellor George Osborne announced today he will stick with the duty 'escalator' introduced by the last Labour government, under which alcohol duties are set to increase 2% above inflation until 2015.
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