Freezing Alcohol Duty Led to Surge in Treasury Coffers

摘要

By delivering a freeze last November, Philip Hammond has landed a bumper tax collection, helped cash strapped consumers and given a boost to British businesses. The latest HMRC figures show that in the 6 months to July following last November's freeze, the Treasury received a £270m windfall from alcohol duty, a 5% increase on last year. £165m of this, 61%, came from the sale of wine and spirits, with many choosing to enjoy a glass at home and in pubs during this summer's hot weather.