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UK Chancellor Expected to Announce Second Duty Hike

Market News

By Arabella Mileham in

The UK government is expected to announce a rise in duty — the second in only four months — at next week’s Autumn Statement, which would raise the overall increase in wine duty to 30% since the summer.

It comes after the largest hike in alcohol tax for almost 50 years came into effect on 1 August, which saw alcohol taxed by strength for the first time. [READ MORE…]

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