Price of alcohol to extend according to inflation

Consumers will see the value of alcohol rise from 1 February when a hike in tax and duties comes into impact.

The alcohol tax itself will rise according to the Retail Price Index at 3.6%, however a brand new system to tax wines and spirits based mostly on power will probably be launched on the similar time.

This means the responsibility on a bottle of gin will rise by 32p, whereas wine at 14.5% ABV (alcohol by quantity) will improve by 54p.

Read extra: https://news.sky.com/story/wine-lovers-left-to-drown-sorrows-as-tax-hike-hits-cost-of-a-bottle-but-its-not-all-bad-news-for-drinkers-13300603

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