Beer drinkers facing £100m tax hangover
Beer drinkers could shell out an extra £100m by the end of the year if alcohol duty and VAT are increased, a new report has warned.
The Campaign for Real Ale voiced concern amid speculation that VAT will be increased in the emergency Budget next week and that beer duty could rise at the same time.
Mike Benner of Camra said: “At a time when consumers should be enjoying the friendly atmosphere of their local pub, it is alarming to think that UK drinkers could be rocked with price increases.
“UK beer drinkers have already been singled out for some of the most whirlwind tax hikes in modern history, with beer excise duty rates alone increasing by a whopping 25% in the last two-and-a-half years.
“We now issue a plea to this new coalition Government to help re-write these devastating blows to the UK pub industry in the last couple of years, and at the very least offset any potential VAT increase with compensatory measures for beer duty.”