Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the impact of raising wine duty on revenue raised by his Department.
The Government will make and announce any alcohol decisions at Spring Budget 2024. Duty freezes to alcohol duty over the last decade have amounted to a total tax cut of £12.9 billion to the alcohol industry, including the duty freeze up to 1 August 2024 announced at Autumn Statement 2023.
Before Autumn Statement 2023, since ending the duty escalator for wine in 2013, the wine industry has benefitted from cuts or freezes to wine duty at four out of the last nine fiscal events.
The latest receipts for alcohol duty including wine duty can be found at the following link:
Alcohol Bulletin commentary (November 2023 to January 2024) - GOV.UK (www.gov.uk)