Stay updated with breaking news from 5p cheaper. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Around 80p per bottle, so a significant rise for sure. i think when you combine that with all the other increases in costs that we ve seen recently, then it leaves producers in a position where most are going to have to pass that increase on to their customers. so, yeah, it ll definitely have an effect. alcohol taxes are being reorganised to tax drinks according to their strength. and, after a freeze for nearly three years, alcohol taxes as a whole rise with inflation up 10.1%. result a complex brew of price changes. 12% sparkling wine will be 19p cheaper, as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be 5p cheaper. but a bottle of 12% still wine will rise 44p, a bottle of vodka up 76p and a bottle of 20% port up £1.30. the wine and spirit trade association says it represents the biggest price increase for nearly 50 years. ....
Our reporter ben king has the details. when drinkers gather at london s king charles pub this evening, there will be a new tax regime in place. changes announced in march come into effect today taxing stronger drinks more and weaker drinks less. at the same time, alcohol duties rise with inflation up by io.i%. the result a complex series of changes. 12% sparkling wine will be i9p cheaper as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be 5p cheaper. but a bottle of 12% still wine will rise 44p. a bottle of vodka up 76p and a bottle of 20% port up £1.30. so among drinkers, there will be some winners and losers. but the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. ....