• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Food and Drink

What Rishi Sunak’s Budget booze overhaul means for your night out

Good news! Your pint will be 3p cheaper. But if you drink Buckfast, you're in for a nasty surprise.

Jon Hatchman by Jon Hatchman
2021-10-27 16:17
in Food and Drink, News
FacebookTwitterLinkedinEmailWhatsapp

Taxes on draught beer, cider and sparkling wine are being cut as part of a huge overhaul of the UK’s alcohol duty system, the Chancellor has announced.

Rishi Sunak told MPs in his Budget speech that the planned increase in duty on spirits such as Scotch whisky, wine, cider and beer will be cancelled from midnight.

Sunak criticised the current system of alcohol taxes as outdated and too complicated, with the new overhaul set to represent a tax cut worth £3 billion.

We’re making sweeping reforms to our outdated alcohol duty system. Introducing a new system that is simpler, fairer, and healthier – as well as permanently cutting the cost of a pint by 3p.
Watch this video to learn more.#Budget2021 #SpendingReview pic.twitter.com/yFchSPwA6R

— HM Treasury (@hmtreasury) October 27, 2021

As a result, consumers will see lower taxes on drinks such as champagne, prosecco, rose and draught beer and cider, while changes to duties will see taxes increase on some higher strength drinks, such as red wine, ‘white ciders’, port, and Buckfast.

Drinks taxed in proportion to alcohol content

The overhaul will see drinks taxed in proportion to their alcohol content, intended to make the system “fairer and more conducive to product
innovation in response to evolving consumer tastes”.

This new system will see the 28 per cent premium on sparkling wine scrapped, with duty levelled at the same rate as still wine. In theory, as much as 83p could be knocked off each bottle of prosecco or champagne, while tax on a 10.5 per cent ABV bottle of rose could see bottles reduced by 23p.

Useful guide to how the booze taxes are changing pic.twitter.com/HY1OIzamqI

— Harry Cole (@MrHarryCole) October 27, 2021

A tweet containing a chart of example price changes shows beers such as Stella Artois, Guinness, Fosters, Carling and San Miguel will have no change in shops but will cost 3p less in pubs.

Apple ciders such as Strongbow, Magners and Stowford Press will also have 2p less tax per pint in pubs.

A tax rise of 45p per bottle will affect 2.5 litre bottles of Frosty Jack’s and Ace cider in shops, however, as well as rises on red wines and fortified wines.

RelatedPosts

‘It’s the Mail wot did it’: Has Boris’s lapdog paper prompted his demise?

Bye bye Boris: Sunak and Javid both RESIGN as PM faces fresh crisis

Like clockwork PM jumps on call to Zelensky and people aren’t buying it

Met says regaining public trust ‘number one’ priority as serving officer in court accused of rape

Bottles of Taylor’s and Cockburn’s port, for instance, will see a £1.09 tax rise in shops, while bottles of Buckfast will be subject to 81p more tax.

Rishi Sunak has credited the simplification of alcohol duties as “taking advantage of leaving the EU”, as well as claiming that the move will benefit English and Welsh wines.

“Our reforms make the alcohol duty system simpler, fairer and healthier,” he said.

“They help with the cost of living while tackling problem drinking, they support innovative entrepreneurs and craft producers, they back pubs and public health, and they’re only possible because we’ve left the EU.”

‘Possible because we’ve left the EU’

Moreover, the Chancellor plans to slash “keg-tax” on barrels of beer delivered to pubs and bars, which will surely strengthen the government’s relationship with the likes of Wetherspoon’s Tim Martin.

In response to the new tax system, Shadow chancellor Rachel Reeves said: “At least the bankers on short-haul flights, sipping champagne, will be cheering this Budget today.”

While the tax cuts have been welcomed by many hospitality businesses and drinks producers, the overhaul has been criticised by social media users in response to additional cuts to Universal Credit and National Insurance rises.

One Twitter user said: “The Conservatives are making champagne and Luxury short haul flights cheaper while you and I are being hit by a massive increase in Heating and Fuel costs.

“Rishi Sunak is right on one thing – this would not have been possible without Brexit.”

The Conservatives are making Champagne and Luxury short haul flights cheaper while you and I are being hit by a massive increase in Heating and Fuel costs.

Rishi Sunak is right on one thing – this would not have been possible without Brexit.

— Lloyd🛡️Hardy (@LloydHardy) October 27, 2021

Labour & Co-op MP for Walthamstow, Stella Creasy added: “So the chancellor is investing more in prosecco than parents”.

So the chancellor is investing more in prosecco than parents….#budget2021

— stellacreasy (@stellacreasy) October 27, 2021

Others were quick to condemn the new alcohol duty system. Here’s what people had to say.

.@RishiSunak simplifies alcohol duties: slashing duty rates from 15 to 6 with stronger drinks paying more, and surcharge on sparkling wines will be abolished. Sunak and @BorisJohnson are cynically targetting the Prosecco vote

— Robert Peston (@Peston) October 27, 2021

🍾 Cuts to champagne.
🏦 Tax breaks for bankers.
💰#COVID contracts passed to their donor mates.

Tory priorities laid bare for all to see. They know that. They just don't care. #Budget2021

— Amy Callaghan MP (@AmyCallaghanSNP) October 27, 2021

BREAKING! Family losing £20 a week in Universal Credit delighted to see cut in duty on Champagne

— NewsThump (@newsthump) October 27, 2021

Today the Conservatives:

💷Cut taxes on banks
✈️Cut taxes on frequent flyers
🍾Cut taxes on champagne

And raised taxes on working people.

Out of touch. Out for themselves.

— Anneliese Dodds 💙 (@AnnelieseDodds) October 27, 2021

Rishi going for the Prosecco hun vote. Next thing he’ll announce a tax freeze on live love laugh signs

— Beige (@Beige29) October 27, 2021

Sunak logic:

❌ Cut £20 a week from poorest
✅ Make prosecco cheaper for those that can afford it#Budget pic.twitter.com/caB15LsbwF

— Josh Kaile (@JDKaile) October 27, 2021

Looking forward to SNP take – "a tax on Buckfast to pay for cheaper English sparkling wine" #Budget2021

— Alex Dismore (@Dizzydismore) October 27, 2021

More tax on Buckfast. Tax cut on rose and sparkling wine.
Now we see who #Budget2021 is for.

— Prainnseas (@prainnseas) October 27, 2021

RELATED: ‘Climate-void’ Sunak cuts taxes on domestic flights… days before COP

Tags: Budget 2021

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Spirit of the Week: Hernö Pink BTL Gin

Thunderball Results for Wednesday 1 June 2022 Tonight’s winning numbers

‘Chestfeeding’ among terms being introduced by NHS trust and Laurence Fox isn’t happy

Labour calls for flexible working to become mandatory ‘new normal’

Rogue landlord stuffed a filthy and dangerous three-bedroom house – with 26 mattresses

Arsenal striker to leave? Spurs boss offered cash NOT to join?

‘EAT THE HAT GEORGE’: Galloway’s pre-election prediction goes viral

Labour claims Johnson made ‘baseless political attack’ over Corbyn suggestion

Daily Star provides free ‘council tax avoidance’ kit with Cummings cut-out

Lucky Numbers and Horoscopes for today, 13 November 2021

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.