Wine & spirits to go up in price in Labour tax squeeze, warns drinks boss
WINE and spirits are being hit by a tax squeeze pushing up prices and driving down sales, a major industry body warned.
TL;DR
- Major industry body warns alcohol taxes are pushing up prices and driving down sales.
- UK wine duty bills are double the average across all EU member states.
- Duty on spirits and bottled beer has risen by over 18% in three years.
- A 14.5% strength red wine's duty has increased by 49% in three years.
- Wine sales by volume have fallen by 8%, and spirits by 15%.
- The WTSA urges the government to stop increasing alcohol taxes.