The cost of a bottle of wine is about to get more expensive despite the Chancellor's proposed 'Brexit' pubs guarantee set out in Wednesday's spring statement.
Jeremy Hunt announced that the duty charged on draught pints is to be frozen to help “the great British pub”, but drinkers will see tax on other alcohol soar by 10.1% in August. This is in line with inflation after a freeze during the peak of the cost-of-living crisis.
The price of a bottle of wine could increase by around 44p due to this. In a separate tax hike, the price of a 20-pack of cigarettes went up by £1.55 to £14.39 as of 6pm on Wednesday night following the tobacco tax hike, which saw cigarette levies go up by 10.1 per cent in line with the Retail Price Index (RPI), plus an extra minimum 2 per cent applied to pre-rolled tobacco products, the Sun says.
