Treasury to take £40m hit from SNP’s minimum alcohol pricing, says OBR

Treasury to take £40m hit from SNP’s minimum alcohol pricing, says OBR
 

The SNP’s minimum alcohol pricing will cost the Treasury £40m next year, according to official independent forecasts.
The tax take from the policy will be reduced as Scots drink less in response to the cheapest booze going up in price, says the Office for Budget Responsibility.
Ministers in Edinburgh say this is “further evidence” of what minimum unit pricing will do to tackle problem drinking.
The OBR, which makes economic forecasts as part of the Chancellor’s spring statement, said in its report: “By raising prices, the MUP can be expected to reduce the volume of alcoholic drinks... read more

 
13 March 2018 in Politics, Views: 49
Source: The Courier
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