The price of wine and spirits is set to rise from Saturday after an increase in tax and duties comes into effect. Taxes will rise in line with inflation, and a new system of duties based on the strength of drinks will also come into effect. A trade body for the industry called the changes a “bitter blow”, saying the duty on a bottle of 14.5% ABV red wine will rise by 54p, and go up by 32p on a bottle of gin. There is some better news for pub-goers, as a small cut in duty on draught pints will also come into effect. The 1.7% tax drop on the production of draught alcohol, which was announced in last year’s Budget, is the first such cut in a decade. The relief applies to draught drinks below 8.5% ABV, which equates to a 1p tax cut on an average-strength pint.
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