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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Reports from the national press suggest that the premium on sparkling wine duty could be scrapped by chancellor Rishi Sunak in the upcoming Autumn Budget in a move which could bring sparkling wine duty in line with still.
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The Wine and Spirit Trade Association (WSTA) is again calling on the Government to freeze alcohol duty as consumers face record high prices over the festive period.
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