Price of wine set to increase despite Jeremy Hunt's 'Brexit' pubs guarantee

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Price of wine set to increase despite Jeremy Hunt's 'Brexit' pubs guarantee
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The Chancellor pledged to freeze duty on draught pints this summer during his fiscal statement on Wednesday, but the prices of some other alcoholic drinks will rise

The cost of a bottle of wine is about to get more expensive despite the Chancellor's proposed 'Brexit' pubs guarantee set out in Wednesday's spring statement.

However an increased duty on higher strength drinks is also due to be ushered in as part of reforms of alcohol duty announced in 2021. This will mean a 44p increase in the price of a bottle of wine with an ABV of more than 12.5%, according to the Wine & Spirits Trade Association . "Duty on non-draught beer will rise and the measures introduced today won’t rebalance the catastrophic impact soaring inflation and unfair energy contracts are having on both pubs and the breweries that supply them. As the 1st of April rapidly approaches, businesses are also nervously awaiting what’s next for their energy costs and a lack of support in today’s announcement will have a direct impact on their ability to keep their lights on and doors open.

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