‘No further changes to alcohol duty’ is the usual line from George Osborne in his Budget speech. Don’t be fooled: with the Government’s duty escalator in place, wine duty will hit £2 a bottle, up 50% in 5 years. With 20% VAT on wine and duty, exactly 50% of a £6 bottle will be tax.
If you like wine from Europe, my little graph says it all.
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