Our reporter ben king has the details. When drinkers gather at londons King Charles Pub this evening, there will be a new tax regime in place. Changes announced in March Come Into Effect today taxing stronger drinks more and weaker drinks less. At the same time, Alcohol Duties rise with inflation up by io. I . The result a complex series of changes. 12 sparkling wine will be i9p cheaper as higher rates for fizz are abolished. A can of pre mixed gin and tonic will be 5p cheaper. But a bottle of 12 still wine will rise 44p. A bottle of vodka up 76p and a bottle of 20 port up £1. 30. So among drinkers, there will be some winners and losers. But the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. We have the biggest duty increase in almost 50 years at the same time as we have inflation rife and a cost of living crisis. On top of that, we have Raw Materials like glass that are increasing in price expon
a closely guarded secret. they re expanding their range with a vodka but recent years have been challenging. and today s increase in government duty, the tax paid on some alcohols, is the latest in a long line of increased costs for the distillery. around 10% increase. so we re going from £27.80 for a litre of pure alcohol to £31.64. so that equates to about 80. around 80 pence a bottle. so a significant rise, for sure. i think when you combine that with all the other increases in costs that we ve seen recently, then it leaves producers in a position where most most are going to have to pass that increase on to their customers, so, yeah, it will definitely have an effect. the stronger the alcohol, the higher the duty.
beer, but also about how much we will be paying for it in the months and years to come. the process of gin making is essentially evaporating and then condensing alcohol. jake black is happy to tell you how his gin is made but the ingredients, the botanicals that create its flavour, remain a closely guarded secret. they re expanding their range with a vodka, but recent years have been challenging. and today s increase in government duty, the tax paid on some alcohols, is the latest in a long line of increased costs for the distillery. around 10% increase. so we re going from £27.80 for a litre of pure alcohol to £31.64. so that equates to about 80. around 80 pence a bottle. so a significant rise, for sure. i think when you combine that
subway. janice: i am all about preparation, that s what i do, if there is a tornado of course i have a go bag. but it does not have porn. and how do you think it will go when i am on television and when i am talking in severe weather is coming through, don t forget your go bag and here s what you have to put in it, we have the water and a battery, and porn. greg: small bills, by the way, nobody is going to break change for you, right? if you go into a store anyone to buy water anything, oh, i have a 20 coming he s not going to give you $17.80 in change, he is going to take the 20 and he s going to say, it s the water of the 20, that s why you should have just stacks and stacks of ones and fives like you are going to an all-night strip club with bill hemmer. janice: [laughs] michael: i have the ultimate go bag which is a gun. greg: that s right is take
and soybean sold around $17 around at one point to a little more than 8. what does that mean for you, in your ability to continue operating your farm and support your family? well, the president has given the farmers a tough road to hoe. what i mean by that, last week, he made additional announcements about more tariffs. and i checked the local markets there and soybeans were $7 and some change a bushel. and farmers can t borrow operating money right now. banks don t want to hear about you trying to sell soybeans for $7.80 a bushel. and how are you going to pay your mortgage and light bill and college tuition for your children, all of these things. and the president needs to take those things into consideration when he speaks off the hip and off the cuff like that and makes comments, oh, farmers can kind of stick it out and wait it out. i m not in financial condition to stick it out and wait it out