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increases to the cost of living as well. interesting that the ifs did note that there has been big public spending announced, different spending announced, different spending for government departments, transport projects, nhs, schools in england as well. some people. there may not necessarily be much of a feel good factor felt by families around the uk dealing with rising costs elsewhere. costs elsewhere. thank you very much. we heard in chris mason s report that taxes on alcohol are to be simplified. the new system, which is due to start in 2023, will mean stronger drinks face a higher duty. but taxes on sparkling wine, draught beer and cider will be cut. there are other changes to for their hospitality industry. martin greenhow is the owner
businesses average of a 19% increase on most businesses as they are evaluated, and an businesses as they are evaluated, and an addition to that at the moment and an addition to that at the moment we have a 17% increase in our supply moment we have a 17% increase in our supply chain moment we have a 17% increase in our supply chain cost as well because it is not supply chain cost as well because it is notiust supply chain cost as well because it is notjust the direct impact as supply chain cost as well because it is not just the direct impact as a result is not just the direct impact as a result of is not just the direct impact as a result of the national minimum wage increase result of the national minimum wage increase to result of the national minimum wage increase to us, it is also the national increase to us, it is also the national minimum wage increase to our suppliers who in turn increase the cost our suppliers who in turn increase the cost of our suppliers
understood. we don t want to push you into speculating too far in the future but we appreciate your time today. thanks forjoining us. taxes on sparkling wine, draught beer and cider are to be cut, but will rise for stronger drinks such as red wine following a shake up of alcohol duty. the new system, due to start in 2023, will mean higher duty for stronger alcohol, the chancellor said yesterday. the duty premium on sparkling wines will end and the duty on draught beer and cider served in pubs will be cut. with me now is sarah mcnena, director of finance & operations, drop bear beer co. a swansea based low alcohol beer producer. thanks forjoining us. did you welcome the announcement yesterday? surprised? b5 welcome the announcement yesterday? surrised? , . welcome the announcement yesterday? surrised? a ., ., ., ., . welcome the announcement yesterday? surrised? ., ., ., . , , surprised? as a nonalcoholic brewery we actually are surprised? as a nonalcoholic brewery we actually are
china rather you are reminded to take a plane to china rather than a train, you d probably china rather than a train, you d probably have to pay a little bit more probably have to pay a little bit more in probably have to pay a little bit more in tax on that. but it was devoid more in tax on that. but it was devoid of more in tax on that. but it was devoid of greenery. i suppose this was a devoid of greenery. i suppose this was a budget designed for domestic audiences was a budget designed for domestic audiences rather than international. they probably weren t listening to much they probably weren t listening to much because it might be a case of do as much because it might be a case of do as i much because it might be a case of do as i say, much because it might be a case of do as i say, not as a do with this budget do as i say, not as a do with this budaet. , do as i say, not as a do with this budaet. , ., , ., ., budget. let s look at the guardian, which now f