NEWS & VIEWS – 26th August 2024
Spirits Duty Revenue Drops
Let’s start with a report from The Drinks Business which quoted HMRC data showing that duty revenue from spirits dropped by almost £300M in the year to 31st July 2024, compared to the previous year following the 10.1% increase in spirits duty introduced in Aug 2023. A stark reminder that alcohol duty is not the unstoppable gravy-train that Government’s seem to think it is!
Let’s start with a report from The Drinks Business which quoted HMRC data showing that duty revenue from spirits dropped by almost £300M in the year to 31st July 2024, compared to the previous year following the 10.1% increase in spirits duty introduced in Aug 2023. A stark reminder that alcohol duty is not the unstoppable gravy-train that Government’s seem to think it is!
Oregon Hop Harvest Declines
Worrying news from Oregon as the hop harvest begins. It turns out that they planted 18% less hop-acreage across the state this year, to account for falling demand from both domestic and international breweries.
Worrying news from Oregon as the hop harvest begins. It turns out that they planted 18% less hop-acreage across the state this year, to account for falling demand from both domestic and international breweries.
Youngsters Drinking Less Alcohol
The Morning Advertiser quotes a CGA survey showing on-premise alcohol consumption has dropped 23%, with the under-24’s leading the temperance movement. It did however show that the youngsters are still regularly visiting hospitality venues; hence the scramble to provide Lo and No alcohol beverage options.
The Morning Advertiser quotes a CGA survey showing on-premise alcohol consumption has dropped 23%, with the under-24’s leading the temperance movement. It did however show that the youngsters are still regularly visiting hospitality venues; hence the scramble to provide Lo and No alcohol beverage options.
Local Beer
Finally at Beervana, Jeff Alworth has some thoughts on public preferences for local beer, and how this can vary significantly from region to region.
Finally at Beervana, Jeff Alworth has some thoughts on public preferences for local beer, and how this can vary significantly from region to region.
