Wednesday, 22 January 2014

Wine Taxes

From Jancis Robinson

Have you noticed the quality of supermarket wine declining?  Have you noticed prices of mass-market wine in the UK rising over the last few years?

The explanation lies in the mealy-mouthed declaration of the Chancellor of the Exchequer each Budget day when he announces, usually in a rather self-satisfied way, that for taxes/duties on alcohol there will be 'no change'. What he means is not that there will be no change to duty rates but that there will be no changes to the measures for a duty escalator brought in in 2008 whereby wine duty rises automatically by inflation plus 2%. So, every year, duties on wines and spirits rise inexorably, by 50% since 2008, as set out years ago.

Sneaky bastards. And most of the media haven't picked up on it.

6 comments:

WitteringsfromWitney said...

Nice spot! Have tweeted with link.

Bayard said...

Gotta keep those Daily Mail reading Puritans happy!

Mark Wadsworth said...

She's right, I had vaguely noticed that supermarket wine had got either slightly worse or more expensive over the past few years but not really paid it any more attention.

Lola said...

Yeah. I gave up on Supermarket wine yonks ago. Got a client who is a wine merchant. We get excellent wine - much better than supermarket - at a decent price.

The Stigler said...

WFW - Ta

Bay - odd thing is, I know a few DM readers and they all quite like a drink

Mark - JR is very knowledgeable in all aspects of wine (industry, science, tasting etc).

Lola - I tried some of Aldi's South African Sauvignon the other night and it's a pretty good glugging wine for £4.

Lola said...

TS - Aldi may be the exception to the supermarket rule...