The Society of Independent Brewers & Associates (SIBA) has sent an open letter to Chancellor Rachel Reeves, expressing its “deep concern” that the hospitality sector was facing a “crisis of survival” after the recent Budget.
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In the wake of the Budget, the Wine & Spirit Trade Association (WSTA) has released a table (below) revealing just how much the duty increases will impact prices for the consumer, further dampening demand for wines and spirits.
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HMRC take from the so-called ‘sin taxes’, comprising alcohol, tobacco and gambling, have continued on a downward trajectory, having fallen 35% in the last decade, according to research by leading accountancy firm UHY Hacker Young.
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