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.
It would appear that the folk at the UK arm of Carlsberg have this year found the 'gimmicky' drawer in the marketing office....
It's a popular grizzle and one I'll admit to having on at least one or two occasions… a day. Why do people post photos of their food and/or drink on to my social media feed?...
After a 2014 it'll want to forget, Treasury Wine Estates has some good news....
The garden shed is usually home to some spiders, a lawnmower and a few half-empty paint tins. ...
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