The end of dry January will coincide with big jumps in the price of wine and spirits as higher tax rates kick in, drinkers were warned today.
From 1st February an inflation linked 3.6% increase in duties will come into effect as well as a new system taxing wine by strength. This will mean duty on a bottle of gin will go up by 32p, and for stronger wine, with 14.5% abv, it will rise by 54p.
