Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of a two per cent increase on alcohol duty on (a) the amount of additional revenue that would be raised for the public purse and (b) reducing alcohol-related harm.
HMRC’s tax ready reckoner publication outlines the impact of illustrative tax changes. A one percent increase to beer and cider duties is estimated to raise around £30m per year. A two percent increase will have around double the impact. No assessment has been made of the alcohol-related harm of such a policy.