In the UK last year, according to Statista, the alcoholic beverage market generated revenues of US$69.5bn, despite being impacted by rising inflation and the cost of living squeeze. What was already a fiercely competitive, saturated market has been compounded further by additional challenges thanks to August’s overhaul of the duty system, which resulted in the largest hike in alcohol taxes in almost 50 years. The controversial new alcohol duty rates system taxes alcoholic drinks based on ABV, not on category (the previous system comprised four separate taxes covering beer, cider, spirits
If you work for any of the following corporate subscribers to Global Drinks Intel, head here to activate your access.
This article is available to Global Drinks Intel members only.
Click below for details on how to join the Global Drinks Intel community.
Already a member?
Log in here to read the article in full.
If you work for any of the following corporate subscribers to Global Drinks Intel, head here to activate your access.
- AB InBev
- Bacardi
- Campari Group
- Diageo
- Moët Hennessy
- Pernod Ricard
- Proximo Spirits
- Suntory Global Spirits
- William Grant & Sons
