Blog: Chris MercerWine 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.


BLOG

What is Heineken hiding up its sleeve in Australia?

Heineken is gearing up for a product launch in Australia this month. But exactly what the product is, the brewer is not saying....

BLOG

Anheuser-Busch InBev's craft brewers turn hermits in their own kingdoms

It's Summer in the northern hemisphere and the beer festivals are in full swing. Even the famously secluded North Korea is letting its regulation-cut hair down with the Taedonggang Beer Festival, name...

BLOG

Under the influencers - regulators crack down on sponsored social media

Drinks companies that use celebrities and influencers to endorse products via social media could be in line for some rule changes....

BLOG

Drinking & Driving? Ford and Jose Cuervo's Tequila cars

A couple of months ago, US-based Saltwater Brewery developed 'edible six-pack rings' in an effort to curb threats to wildlife....

just-drinks homepage



Forgot your password?