'Merry Christmas Mr Speaker!' Chancellor FREEZES duties on beer, wine and whisky but Hammond reveals new levies on cheap 'white ciders' while hiking tax on cigarettes



Philip Hammond froze duties on most alcohol today but announced a new crackdown on cheap 'white ciders' with higher taxes.
The Chancellor said he wanted to cut consumption of high-volume, low cost alcohol and said he would change the law to increase tax on them.
But other products such as beer, spirits and wine will not be increased - allowing the Chancellor to claim a bottle of single malt whisky will be £1.15 cheaper.
Tobacco taxes will continue to spiral, as an escalator of inflation - currently running at 3 per cent - plus 2 per cent will continue.
The Chancellor announced: 'The tobacco... read more

 
22 November 2017 in Business, Views: 60
Source: Daily Mail
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