• UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
NewsExplored
  • UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
  • Facebook

  • Twitter

  • LinkedIn

  • Tumblr

  • RSS

Politics

Budget 2020: Beer, wine and cider duties frozen

Budget 2020: Beer, wine and cider duties frozen
Newsexplored
11th March 2020
ShareTweet
SubscribeRedditGoogleWhatsappStumbleuponPinterestDiggLinkedinTumblrTelegram
Views:
5
Image copyright Getty Images

Rishi Sunak has offered a cocktail of measures to boost the spirits of pubs and drinkers affected by coronavirus and economic uncertainty.

The chancellor scrapped a planned increase in duty on beer and spirits, while tax on all other kinds of alcoholic drinks will also be frozen.

The small pub business rates discount will increase from £1,000 to £5,000.

But the measures are a “double penalty'” for those worst-affected by alcohol harm, charities say.

The 2020 Budget has offered an unexpected windfall for the alcohol industry, including tax breaks and cash giveaways.

The business rate discount for small pubs - those with a rateable value of less than £100,000 - will be increased from £1,000 to £5,000, partly because of the “possible impact of coronavirus”.

Planned tax rises on beer and spirits were also scrapped, as part of a freezing on duty across all alcoholic drinks. This Budget marks only the second time that has happened in 20 years, the chancellor said.

The British Beer and Pub Association described it as “a great Budget for pubs, pub-goers and Britain’s world-class brewing industry”.

The association says the chancellor’s measures will save pub-goers £80m and safeguard 2,000 jobs.

It points out that other measures unveiled in the Budget will also provide a boost to many pubs, including the £3,000 small business relief grant and the temporary waiving of business rates for firms with a rateable value of £51,000 or less.

More on Budget 2020

But an alcohol abuse charity said the government “must stop placing industry profits ahead of health”.

data-ad-format="auto">

“Cutting the price of alcohol while also cutting business rates, which help already-struggling local authorities to pay for alcohol treatment services, means a double penalty in today’s Budget for those worst-affected by alcohol harm,” said Lucy Holmes, director of Research and Policy at Alcohol Change UK.

Mr Sunak offered Scotch whisky makers a £1m support fund while the government lobbies the US to remove “harmful tariffs” on the product. There will also be a £10m research and development fund to help distilleries “go green”.

The US - a market worth £1bn to Scotch whisky exporters - put a 25% tariff on single malt late last year.

“Although the chancellor’s measures are welcome, there’s no way they come anywhere close to mitigating the impact of US tariffs on the Scotch whisky industry,” said Wendy Chamberlain, Liberal Democrat MP for North East Fife.


The Scotch whisky trade body said the industry needed “continued support”.

“We are pleased that the chancellor underlined the UK government’s commitment to resolving these damaging tariffs quickly, while also announcing measures to support scotch whisky in a challenging period - including through a green energy fund to support our industry’s leading work to decarbonise the energy we use and achieve net-zero,” said Scotch Whisky Association chief executive Karen Betts.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Share on Skype (Opens in new window)

Related

Related Itemsbudgetciderdutiesfrozen
Politics
11th March 2020
Newsexplored @newsexploredweb

Related Itemsbudgetciderdutiesfrozen

More in Politics

  • Read More
    Freeports: What are they and where will they be?

    Views:5 Published 32 minutes ago image copyrightGetty Images The locations of eight new freeports in England have...

    Newsexplored 11th March 2020
  • Read More
    The seven key questions facing Nicola Sturgeon

    Views:5 By Nick EardleyBBC political correspondent image copyrightPA Media Scotland’s first minister is set to give evidence...

    Newsexplored 11th March 2020
  • Read More
    Vaccine passports: Do I need one for going out, work and travel?

    Views:5 By Eleanor LawrieBBC News image copyrightGetty Images Vaccine passports could soon be needed to go on...

    Newsexplored 11th March 2020
  • Read More
    What next for the Holyrood inquiry if Salmond does not appear?

    Views:5 By Philip SimBBC Scotland News image copyrightGetty Images image captionThe inquiry committee has been moving between...

    Newsexplored 11th March 2020
  • Read More
    Budget 2021: What is it and when will it happen?

    Views:5 By Kevin PeacheyBBC News Published 2 days ago image copyrightGetty Images This year’s Budget will be...

    Newsexplored 11th March 2020
  • Read More
    Climate change: Six questions about the Cumbria coal controversy

    Views:5 By Roger HarrabinBBC environment analyst image copyrightWest Cumbria Mining Company image captionThe mine would extract coking...

    Newsexplored 11th March 2020
  • Read More
    Could indyref2 be held without the UK’s consent?

    Views:5 By Philip SimBBC Scotland political reporter image copyrightGetty Images image captionThe case has been brought by...

    Newsexplored 11th March 2020
  • Read More
    Covid-19: NI lockdown to be extended until 5 March

    Views:5 image copyrightPacemaker Coronavirus lockdown restrictions in Northern Ireland will be extended until 5 March, the first...

    Newsexplored 11th March 2020
  • Read More
    Covid: What is universal credit - and what other benefits are available?

    Views:5 image copyrightGetty Images Labour and some Conservative MPs are calling on the government to keep a...

    Newsexplored 11th March 2020
  • Read More
    Brexit: Five surprising consequences

    Views:5 By Reality Check teamBBC News image copyrightGetty Images While the UK government had been warning of...

    Newsexplored 11th March 2020
  • Read More
    Covid-19: Northern Ireland’s R-rate ‘falls significantly’

    Views:5 image copyrightPA Media image captionMichelle O’Neill and Arlene Foster appeared at their first joint press conference...

    Newsexplored 11th March 2020
  • Read More
    Brexit: ‘Problems’ in first week of post-deal GB-NI trade

    Views:5 By Conor MacauleyBBC NI Agriculture & Environment Correspondent image copyrightReuters image captionThe first lorries to cross...

    Newsexplored 11th March 2020
Scroll for more
Tap
data-ad-format="auto">
NewsExplored

NewsExplored - Making sure all the latest news is explored?

Contact us for help

  • Popular

  • Latest

  • Comments

  • Transfer rumours: Kounde, Haaland, Bremer, Neuhaus, Balogun, Ziyech, Raphinha
    Sports13th February 2021
  • Station reopening at Bow Street brings first trains for 56 years
    UK14th February 2021
  • Manchester United 3-3 Everton: Dominic Calvert-Lewin scores late goal to deny hosts
    Sports6th February 2021
  • Super Bowl half-time show: How did The Weeknd do?
    Entertainment8th February 2021
  • LeBron James: NBA superstar’s evolution from high school prodigy
    USA4th March 2021
  • What is Biden doing differently at US border?
    USA3rd March 2021
  • Coronavirus: Texas and other states ease rules despite warnings
    USA3rd March 2021
  • Golden Globe Awards 2021: Stars prepare for virtual ceremony
    USA28th February 2021
  • Les Rehrer says:

    Hello Its me :P and thanks for this post

  • optumrx login says:

    Thank For News.

  • Kent Laatsch says:

    Please let me know if you're looking for a writer…

  • Bob says:

    RT News was where I learned that Erdogan controlled isis.…

Copyright © 2018 Top News Theme. Theme by MVP Themes, powered by Wordpress.

Budget 2020: Mixed reaction on environmental issues
Coronavirus: ‘No plans’ to suspend Parliament after MP diagnosed
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok