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Excise duty on alcohol increases by 6% as of midnight Sunday 16th March
2008 (and will rise 2% above the rate of inflation for the next four years).
This change will add 4 pence to a pint of beer, 3 pence to a litre of cider,
14 pence to a bottle of wine and 55 pence to a bottle of spirits. This is
the first increase in duty on spirits since 1998. The smallest brewers will
continue to receive 50% duty relief from the Small Brewers Relief Scheme.
Our view
It appears that the Chancellor has reacted strongly in light of recent
press coverage regarding excessive drinking. |
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