Price of duty on beer, wine and spirits to be frozen until next summer

manchestereveningnews.co.uk:

The price of duty on beer, cider, wine and spirits will be frozen until next summer. Chancellor Jeremy Hunt announced in his autumn statement on Wednesday that alcohol duty will be frozen until August 1 next year.

This means there will be no increase in duty on beer, cider, wine or spirits. Alcohol duty will be frozen until August 1 next year, meaning no increase in duty on beer, cider, wine or spirits, while tobacco duty will increase.

Speaking to the Commons he said: “As well as confirming our Brexit Pubs Guarantee, which means duty on a pint is always lower than in the shops, I have decided to freeze all alcohol duty until August 1st next year. READ MORE: What could be announced in autumn statement 2023 - from tax cuts to state pension changes READ MORE: Today's top Manchester Evening News stories “That means no increase in duty on beer, cider, wine or spirits.” During Wednesday's statement, the chcanellor said he planned to introduce 110 measures to increase the UK’s productivity.

Jeremy Hunt told the Commons that the OBR “expects the economy to grow by 0.6% this year and 0.7% next year. After that, growth rises to 1.4% in 2025, then 1.9% in 2026, 2% in 2027 and 1.7% in 2028”.