Budget for the Towie generation

  • Today Rishi Unak revealed a major overhaul in the UK’s tax system for alcohol sales
  • To reduce the cost of a pint of beer, the Chancellor has created a new Draught Relief policy
  • Mr Sunak has cancelled plans to increase duty on wine and spirits.
  • However, wine and stronger alcohols will be more expensive under the new system. 

Today Rishi Sunak announced a major overhaul in the UK’s liquor taxes. He cut the price for a pint each of draught beer, cider and wine by three pence. 

The Chancellor announced a new Draught Relief policy, which will see beer duty cut by five percent. 

He stated that this was the largest reduction in beer tax in 50 years, and the largest reduction in cider duty since 1923. 

He also announced that a planned increase in the duty on spirits and wine, cider, and beer would be cancelled, while the ‘irrational 28 per cent duty’ on premium sparkling wines, and fruit ciders, will be reduced.     

The Chancellor’s plans to simplify alcohol duty will likely make red wine drinkers pay. 

Sunak said that his new system will see a higher tax rate for stronger drinks. 

Rishi Sunak today unveiled a major overhaul of the UK's alcohol taxes as he cut the price of a pint of draught beer and cider by three pence

Today, Rishi Sunak unveiled a major overhaul to the UK’s alcohol tax laws. He reduced the cost of a pint draught beer or cider by three pence

Sertting out the Draught Relief policy, Mr Sunak said: ‘A fairer, healthier system supports pubs so I can announce today Draught Relief.

‘Draught Relief will apply a new, lower rate of duty on draught beer and cider.

‘It will apply to drinks served from draught containers over 40 litres. Community pubs that do 75 percent of their trade in draught will be the most benefited.

‘And let me tell the House the new rate, draught relief will cut duty by five per cent.

‘That is the biggest cut to cider duty since 1923, the biggest cut to fruit ciders in a generation, the biggest cut to beer duty for 50 years.

‘This is not temporary, it is a long term investment in the British pubs of £100million a year and a permanent cut in the cost of a pint of 3p.’