Industry Backlash
Booze bosses are up in arms, demanding a cut to what they describe as a 'disastrous' alcohol tax. Gin and whisky makers have been hit hard by the last Government's 10.1 per cent duty increase, resulting in a staggering £300 million drop in tax receipts.
Industry Concerns
Whisky makers have expressed deep concerns over the impact of the tax hike on the spirit sector, leading to what they refer to as 'ginflation'. They claim the decision to increase spirit duty has had a 'disastrous effect' on the industry.
Call for Action
The UK Spirits Alliance is set to launch a campaign urging Chancellor Rachel Reeves to reconsider the alcohol tax in the upcoming Budget announcement. They have submitted a dossier to the Treasury outlining the negative consequences of the tax hike.
Treasury Response
In response, a Treasury spokesperson emphasized the need for tough decisions on spending, welfare, and tax to address the economic challenges faced by the government. The Chancellor is expected to unveil the Budget in October, with decisions on tax matters to be made at that time.
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