Today saw the release of George Osborne's 2014 and penultimate budget prior to the general election. So what does it mean to Beacon customers and how will the alcohol duty changes impact trade?
So, whats changed?
- Duty on Scotch Whisky and ordinary cider has remained the same and will be frozen for the next financial year
- The escalator for alcohol duties has been also been scrapped and will now rise in line with inflation
- For the second year running, the duty placed on Beer will be cut by a penny
- The cost of a bottle of wine will go up in line with inflation
Mark Holness, drinks buyer for Beacon says;
‘The Budget’s removal of the beer escalator and the positive move to reduce beer duty by one penny has, once again, brought some long awaited relief to a large number of Beacon customers,
Particularly relevant to our customers is also that the fuel duty escalator, due to push up duty again in September, has once again been scrapped, mitigating ever increasing business running costs'