UK Abolishes Plan to Raise Taxes on Alcohol
The UK government is abolishing a proposed increase in duty rates for beer, cider, spirits and wine and instead proposed a temporary measure to reduce the duty on some types of alcoholic beverages.
The announcement was made in a mini-budget delivered by UK Chancellor of the Exchequer Kwasi Kwarteng, during which the government detailed its plans to cut taxes and provide relief to inflation hit business. Kwarteng said that the government will extend draught relief to cover smaller kegs of 20 litres and above to help smaller breweries.
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