Boost for boozers as price hikes scrapped by Chancellor Kwarteng in mini budget

BBOOZERS were handed a huge boost today as alcohol price hikes were scrapped by the Chancellor.

The welcome shake-up was confirmed by Chancellor Kwasi Kwarteng in today’s Mini Budget.

Beer prices are set to be slashed after alcohol duty was cut today

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Beer prices are set to be slashed after alcohol duty was cut todayCredit: Getty

Mr Kwarteng said he has “listened to industry concerns” about the planned rises to alcohol duty.

In response, he revealed he would introduce an “18-month transition” for wine duty, while extending draught relief to help smaller breweries.

And he “at this difficult time” the Government would “not let alcohol duty rates rise in line with RPI”.

Announcing the measures today, the chancellor said: “Our drive to modernise also extends to alcohol duties. I have listened to industry concerns about the ongoing reforms. 

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“I will therefore introduce an 18-month transitional measure for wine duty.

“I will also extend draught relief to cover smaller kegs of 20 litres and above, to help smaller breweries.

“And, at this difficult time, we are not going to let alcohol duty rates rise in line with RPI.

“So I can announce that the planned increases in the duty rates for beer, for cider, for wine, and for spirits will all be cancelled.”

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Britain’s Chancellor Kwasi Kwarteng leaves 11 Downing Street this morning

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Britain’s Chancellor Kwasi Kwarteng leaves 11 Downing Street this morningCredit: AP

THIS IS A DEVELOPING STORY…

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