WSTA brands Chancellor 'Santa Claws'

25 November, 2008
The Wine and Spirit Trade Association (WSTA) figures show 4 out of 5 UK shoppers will be paying more for their wine this Christmas, following the Chancellor's decision to raise excise duty rates by 8%.

The Wine and Spirit Trade Association (WSTA) figures show 4 out of 5 UK shoppers will be paying more for their wine this Christmas, following the Chancellor's decision to raise excise duty rates by 8%.

The vast majority of consumers (82%) buy wine costing £5 or less and it is they who will bear the brunt of price hikes. The combination of a cut in VAT and the rise in duty has a proportionately greater impact on lower priced products. The combined tax changes could reduce the price of a more expensive bottle of wine.
Jeremy Beadles, Chief Executive of the WSTA, said: "It is staggering that a Government which claims to act in the interests of the many not the few wishes to punish ordinary hard-working consumers who wish to spend the little cash they have left on a drink.

"The Chancellor has turned into Santa Claws, snatching scarce pleasure from millions of people.

"This is a double whammy for the drinks business - tax changes wreaking havoc during the busy Christmas trading period and another hit to small business cashflow. This is not what I call helping the British economy."


 





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Joe Bates

Why duty free must do better

It’s one of the worst PR disasters to have hit the duty free industry in the almost two decades i’ve been covering the business.

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