During the Budget, the Chancellor is the only MP allowed to drink alcohol. According to the Parliament website, Chancellors over the years have opted for whisky (Kenneth Clarke), gin and tonic (Geoffrey Howe), brandy and water (Benjamin Disraeli), sherry and beaten egg (William Gladstone) and spritzer (Nigel Lawson).
2012 Duty rates
On Monday 26th March the new alcohol duties will come into effect. Still wine will go up by another 11p and sparkling wines by another 14p there was a touch of the smoke and mirrors in the announcement but it came as little surprise and maintains our status as the second highest alcohol tax in the European Union.
VAT remains unchanged, as do our margins so effectively this will equate to between 0.17 and 0.22 on a bottle of still wine and and the duty on a 75cl bottle of wine goes up by 11p.
This means that a £5 bottle of wine nets the government about 56% of its’ value.