Blog: Stamped out
Chris Brook-Carter | 23 March 2004
While many in the UK drinks industry were toasting the release of the government’s long awaited alcohol policy document, which is a dominated in tone by cooperation and self-regulation, it was nursing a substantial headache by the time Chancellor Gordon Brown had finished unveiling this year’s budget. Duty rises on wine and beer were disappointing enough, but the news the spirits industry had failed to persuade Mr Brown of the folly of introducing tax stamps has caused the most concern.
Tax stamps, in one of the world’s most important markets, are without doubt a blow to the spirits industry. Estimated costs have been soften by the proposals Brown has put forward in an effort to sweeten an industry vehemently against the move. Brown said he would "help the trade financially" by deferring payment for the stamps and by helping with capital investment. However, the real cost is still unknown and KPMG analyst Mike Maloney told just-drinks that he feared the often super efficient bottling and labelling processes the spirits industry prided itself on could be thrown out of kilter by the addition of the new process. “The devil will be not so much in the detail but in the implementation,” he said.
That said, the drinks industry as a whole has still emerged, from what could have been a disastrous week, just about ahead. In the face of mounting pressure from anti-alcohol lobbies and medical opinion, the alcohol policy could have been far more draconian than it eventually was, curbing alcohol advertising and calling for hefty tax increases to fight the growing bill alcohol harm runs up each year. And Brown could easily have swept in far larger duty rises than he did, claiming legitimacy on the back of medical opinion.
The drinks industry has not got away lightly, but neither has a long week in Westminster all been in vain.
Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the beer category in 2017 - Focus
- Key trends for the spirits sector in 2017 - Focus
- Signs of life in Japan's beer market - Comment
- Pernod Ricard's Method and Madness Irish whiskey
- Premium to counter mainstream in gin - research
- Bacardi lines up Canadian bottling plant closure
- Pernod unveils new St Patrick's Day Jameson bottle
- Diageo faces US$68m payout after SAP court loss
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends