It will add 11p on a bottle of Prosecco, 13p on a bottle of red wine and 38p for a bottle of gin, according to the Wine and Spirit Trade Association
Brits will pay more for their favourite drink after it was confirmed that alcohol duty will rise from next February.
Alcohol duty will rise in line with the RPI measure of inflation – so 3.66%. This will add 11p on a bottle of Prosecco, 13p on a bottle of red wine and 38p for a bottle of gin, according to the Wine and Spirit Trade Association.
Miles Beale, Chief Executive of the Wine and Spirit Trade Association, said: “This Budget has been dubbed a death by a thousand cuts, and for wine and spirit businesses those cuts run deep.
“Our members are still reeling from the tax hikes introduced in February, and the additional burden of the costly new glass tax.“
John Colley, Executive Chair and CEO of Majestic Wine Group, said: “It is bitterly disappointing that the Government has again chosen to ignore warnings from businesses across the wine, retail and hospitality sectors by pressing ahead with what will be another damaging increase in alcohol duty.
“The retail and hospitality sectors are already under immense pressure, yet the Government continues to dismiss our concerns and increase the tax burden on businesses. The decisions the Chancellor has made today will only hamper investment, which is critical to driving growth in our sector.”
See how much more your favourite drink will cost
- Red Wine (Merlot) 13.5% ABV, 75cl – £8.50 price now; £8.63 price in February
- White Wine (Sauvignon Blanc) 11% ABV, 75cl – £8.25 price now; £8.35 price in February
- Gin, 37.5% ABV, 70c – £19 price now; £19.38 price in February
- Scotch Whisky, 40% ABV, 70cl – £18 price now; £18.39 price in February
- Vodka and Diet Cola RTD, 5% ABV, 25cl – £2.15 price now; £2.16 price in February
- Prosecco, 11% ABV, 75cl – £12.50 price now; £12.61 price in February
- Lager, 4.6% ABV, 4×330 ml – £6 price now; £6.06 price in February
- Cider, 4.5% ABV, 4x330ml – £5.25 price now; £5.27 price in February
