WSTA Logo

WSTA says Budget tax rise on alcohol brings more misery

The WSTA warns today’s 5.1% increase in alcohol duty brings further unwanted price rises for consumers and threatens to cause more job losses in the drinks industry in the year ahead.

Today’s Budget rise means taxes on wine and spirits have risen by over 25% and 20% respectively since March 2008.  Since 1997 the Government has taken an extra £4 billion from consumers in alcohol taxes.

The effect of the tax on a typical item in pence is as follows:

•           10 pence on a 75cl bottle of wine

•           36 pence on a 70cl bottle of spirits

•             2 pence on a pint of beer

The Chancellor went ahead with the tax escalator which automatically increases tax on alcohol by two percentage points above inflation.

WSTA Chief Executive Jeremy Beadles said:

“Successive punitive tax rises on alcohol are taking their toll on household budgets and mean further job losses in the drinks industry are on the cards this year.

 

“The last year alone has seen business closures and 30,000 job losses and today’s Budget means higher prices for consumers and more misery in a sector that ought to be part of Britain’s economic recovery.”

 

Ends

 

Notes to editors

 

The WSTA is the UK organisation for the wine and spirit industry representing over 320 companies producing, importing, transporting and selling wines and spirits.

We campaign to promote the industry’s interests with governments at home and abroad.

We work with our members to promote the responsible production, marketing and sale of alcohol.

 

For more information please contact Gavin Partington:

Tel:       +44 (0) 20 7089 3876

Mob:     +44 (0) 7966 014058

Email:   [email protected]

 

Drinkaware host industry seminar with 50 drinks industry companies

On Wednesday 24th February 2010 more than 70 representatives from over 50 drinks industry companies and trade associations gathered in Westminster for a seminar hosted by alcohol awareness charity Drinkaware.  The seminar gave the charity an opportunity to highlight the achievements of the last year and to showcase Drinkaware’s ambitious plans for 2010.

Read more: Drinkaware host industry seminar with 50 drinks industry companies

WSTA tells Treasury tax on alcohol has gone too far

The WSTA is urging the Treasury to resist further tax rises on alcohol in this year’s Budget, warning that high levels of tax on wine and spirits in the UK are undermining recovery in the drinks sector.

In its Budget submission, the WSTA says the scale of tax increases on alcohol over the last 2 years – over 20% for wine and 15% for spirits – has contributed to widespread job losses in the drinks industry.  

The tax escalator introduced in the March 2008 Budget threatens to deliver another 5% tax increase on alcohol in the coming weeks. There are fears the Chancellor may raise excise duties further to plug the hole in public finances despite evidence that higher taxes are failing to match revenue forecasts.

WSTA Chief Executive Jeremy Beadles today urged Exchequer Secretary Sarah McCarthy Fry to postpone the tax escalator, given the fragile state of the industry and the wider economy.

He said: “While other industries have had a helping hand over the last couple of years we and the millions of consumers who enjoy our products have been hit again and again by tax increases.

“Enough is enough. We know the public finances are in difficulty but pushing up prices with higher taxes does nothing to help British consumers or businesses battling to recover from the recession.”

Ends


The WSTA is the UK lobbying organisation for the wine and spirit industry representing over 320 companies producing, importing, transporting and selling wines and spirits.
We campaign to promote the industry’s interests with governments at home and abroad.
We work with our members to promote the responsible production, marketing and sale of alcohol.


For more information please contact Gavin Partington:
Tel:  +44 (0) 20 7089 3876
Mob:  +44 (0) 7966 014058
Email: [email protected]

Subcategories

Twitter @wstauk

We've been commended for our work as part of our @SalfordCouncil Trading Standards Primary Authority relationship.… https://t.co/YhIOOHO9QX


RT @HarpersWine: British Ambassadors call for more British wine and spirits at international events - Harpers Wine & Spirit Trade News http…


Gin was tagged 8.4 million times on Twitter in 2018 and was more talked about than David Beckham. With a record br… https://t.co/UM6NIDeKMv

Connect with us