Here's what's happening to the price of booze and cigarettes
The increase was first introduced by then-ChancellorThis will reportedly vendors with just £3.50 after tax from the average £15.34 bottle to pay suppliers, wages and cover business costs.
Ex-Chancellor Kwasi Kwarteng announced plans to freeze booze duties from February 2023 at September's mini-Budget. But his successor Jeremy Hunt cancelled that when he took over. Now without an invention from the Treasury, the crippling hike will hit producers and drinkers within months. Drinks will be taxed in proportion to their alcohol content, with beer having a lower alcohol content than a number of other popular boozy beverages.
Other lower strength alcohol prices will be slashed too in a bid to make taxation "simpler, fairer and healthier", the former Chancellor said at the time.
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