Blog: Wine duty forecast: Is this a joke?
Chris Mercer | 30 November 2011
The UK Government thinks that, by 2017, its duty tax receipts on wine will have risen by 58% in value.
That's according to forecasts published the the Government's Office of Budget Responsibility (OBR) yesterday (29 November). Even allowing for a continuation of the duty tax escalator on drinks, at 2% above inflation, until at least 2015, this is a bold forecast.
The OBR only makes predictions based on current policy, so it is not basing its prediction on tax rises on wine above the escalator level.
Clearly, then, it is at least partly based on rises in wine consumption by volume over the period. Has the Government seen a UK wine market report this side of the Lehman Brothers meltdown? Growth has been hard to come by.
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....
No, this is not PepsiCo's new ad slogan for its Mountain Dew brand....
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....
In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand....
- Will Coca-Cola Co’s Dunkin’ Donuts move pay off?
- Five ways small brands can beat big players
- Heineken's Q3 2016 results - Preview
- Interview, Bulldog Gin CEO Anshuman Vohra, Pt II
- Ten ways to successfully target older consumers
- Diageo weathers Thailand alcohol ban
- Heineken's YTD performance by region - Focus
- SWA's David Frost to leave for foreign office role
- Stock Spirits appointments provoke investor unrest
- Seedlip eyes global growth with export deal
- Global gin insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Wine Market 2016-2020
- Global RTD insights - market forecasts, product innovation and consumer trends