Blog: Chris MercerBudget day looms

Chris Mercer | 10 March 2010

UK prime minister Gordon Brown has revealed the date for the Government's 2010 Budget announcement.

Drinks companies will discover the extent of any tax rises on their products on 24 March, when Chancellor Alistair Darling will unveil the annual Budget to Parliament.

Trade bodies are clamouring for the Government to hit the emergency stop button on its "tax escalator", which provides for a 2% above inflation rise on all alcoholic drinks in the upcoming Budget.

At current inflation, that would mean a 5% tax rise - at a time when most people in the private and public sectors have seen wages frozen as a result of the economic downturn.

Wine and beer tax is already up 20% inside two years, with spirits tax up around 16% in the same timeframe.

Surely, it is time for a break.



SABMiller's last word

Today is SABMiller's final day. Some time this evening, Brussel's time, the second-biggest brewer in the world will be subsumed into the biggest, creating a beer behemoth of unprecedented proportions....


"Buy a Mountain Dew and enjoy it"

No, this is not PepsiCo's new ad slogan for its Mountain Dew brand....


Did Alibaba's 9.9 Global Wine and Spirits Festival flop?

Major wine players flocked to China ready for online giant Alibaba's 9.9 Global Wine and Spirits Festival, which took place on 9 September....


Is Vietnam about to curb late-night drinking?

In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand....

just-drinks homepage

Forgot your password?