Wine and spirit businesses have again called on the chancellor to freeze alcohol duty at the Autumn Statement, citing data that shows a “worrying…
Wine and spirit businesses have again called on the chancellor to freeze alcohol duty at the Autumn Statement, citing data that shows a “worrying…
The government is now expected to deliver its Autumn statement on November 17, two weeks later than planned. In a Twitter post, HM Treasury said prime minister Rishi Sunak and chancellor Jeremy Hunt have agreed the delay. The statement will contain the UK’s medium term fiscal plan to “put public spending on a sustainable footing, get debt falling and restore stability”. The Office for Budget…
The Wine and Spirit Trade Association has joined forces with the British Beer and Pub Association as well as the Scotch Whisky Association to call on chancellor Jeremy Hunt to cancel tax hikes on alcoholic drinks. The joint statement said that the trade had welcomed the former chancellor’s announcement less than a month ago to freeze alcohol duty. The groups said the…
The trade has reacted to news that new chancellor Jeremy Hunt will now reverse plans to freeze duty on alcohol, less than a month after former chancellor Kwasi Kwarteng made the announcement. In late September, Kwarteng said: “At this difficult time, we are not going to let alcohol duty rates rise in line with RPI. “I can announce that the planned increases in…
A cross party group of MPs, including former Pubs Minister Andrew Percy, are today calling on the Chancellor to reconsider changes to a scheme which many believe has transformed the small brewing sector in the UK. In a letter signed by 103 MPs, they argue that altering Small Breweries’ Relief (SBR) will put “a great British success story” under threat at a time…
The Society of Independent Brewers (SIBA) has called the Chancellor’s decision not to cancel March’s Beer Duty payments as ‘incredibly disappointing’ and a ‘huge blow” for the UK’s small independent brewers. Brewers have been calling on the Chancellor to unilaterally cancel the payment, which is due to be debited from bank accounts today (March 25), in the face of decimated sales following social distancing measures…
UK-based wine and spirit SMEs have joined forces to urge the Chancellor to cut wine and spirit duty by 2% to help boost British business. Owners of small and medium-sized wine and spirit businesses have jointly penned a letter to the new Chancellor, Rishi Sunak MP, expressing their concerns over the lack of Government support for SMEs in the UK’s wine and spirit industry. The…
Yesterday’s Budget gave cause for celebration among 99.73% of the UK drinks industry as Chancellor Philip Hammond froze duty on beer, wine and spirits. The only people not toasting Hammond were the white cider producers, whose products make up 0.27% of BWS retail sales. In his speech Hammond outlined plans to increase duty in 2019 on high-strength alcohol – particularly white cider – in order…
