British consumers have been told that the price of some of their favourite red wines could increase by more than 40p next year after the government ignored pleas from the wine industry to abandon complex post-Brexit tax changes.
The chief executive of Majestic Wine, John Colley, said the new alcohol duty system, which comes into effect in February 2025, would increase the number of tax bands for wine from one to 30, and cost businesses huge sums of money to administer.
