UK: Drinks industry suffers as high tax bites
UK: Drinks industry suffers as high tax bites
Mar 9, 2013 6
(Telegraph) - High taxes on wine, spirits and beer are having such a detrimental impact on Britain’s alcohol industry that the Chancellor will receive £3.4bn less in duty than expected by 2018, according to new research. Duty on alcohol has now risen to such an extent that some British households on tight budgets are being “priced out of the market”, UK drinks producers claim.
British drinkers have seen taxes on wine rise by 42pc since 2008 while duty on spirits has jumped by 37pc during a period when the UK has been through two recessions.
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