The WSTA has called on the government to end the “doom loop” caused by its decision to continue to increase alcohol duty at the last Budget (as Harpers reported).
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Fresh figures from HMRC’s latest alcohol duty receipts (published 19 September) show that revenue is down -4.3%. This will frustrate many in the drinks industry who faced a February hike of wine and spirits duty.
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New data from the Office for National Statistics (ONS) can reveal that the number of payrolled employees decreased by 109,000 in May compared to the previous month. The employment drop comes after April’s National Insurance Contributions (NICs) policy changes.
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The government won’t talk to the trade about its assumptions on duty receipts because it gets them from the OBR. The OBR won’t talk to the trade about its assumptions on duty receipts because its only customer is the government. You couldn’t make it up.
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Budget speak explained by the WSTA
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