Sentences with phrase «raising alcohol duties»

UK: Higher taxes better than minimum pricing, argues OFT The UK's Office of Fair Trading (OFT) says it believes raising alcohol duties, instead of minimum pricing, would be a better way to tackle pro... read more

UK: Higher taxes better than minimum pricing, argues OFT The UK's Office of Fair Trading (OFT) says it believes raising alcohol duties, instead of minimum pricing, would be a better way to tackle pro

«In 2008 the government raised alcohol duty by six per cent in real terms and introduced a duty escalator that automatically increased alcohol taxes by two per cent above inflation every year thereafter,» he said.

The report draws on government and trade statistics, academic evidence and economic theory to challenge arguments that the health and social benefits of reducing alcohol consumption are likely to come at a cost to the economy, finding: · Any reduction in employment and income resulting from lower spending on alcohol would be offset by spending on other goods · Econometric analysis of US states suggests that a 10 % decrease in alcohol consumption is associated with a 0.4 % increase in per capita income growth · Lower alcohol consumption could also reduce the economic costs of impaired workplace productivity, alcohol - related sickness, unemployment and premature death, which are estimated to cost the UK # 8 - 11 billion a year The analysis comes at a timely moment, with health groups urging the Chancellor to raise alcohol duty in next month's Budget.

Not exact matches

Usually, governments were simply taking advantage of high demand to raise money from alcohol, and in the wake of high duties, smuggling has typically followed.

It would raise funds by hiking tax on alcohol and tobacco by 50 per cent, raising fuel duty by 8 per cent annually, and introducing VAT and fuel duty on aviation.

The report's author, Aveek Bhattacharya, Policy Analyst at the Institute of Alcohol Studies said: «Economic arguments are regularly used to resist policies that tackle excessive alcohol consumption, such as raisinAlcohol Studies said: «Economic arguments are regularly used to resist policies that tackle excessive alcohol consumption, such as raisinalcohol consumption, such as raising duty.

Public Health England also recently identified raising duty as one of the most cost - effective ways to reduce alcohol - related harm.