Not entirely, because the generalcase for using taxation as a means of regulating consumption has not been made. It is not best suited to this area of policy. In addition, concerns have been expressed by some in the alcohol industry who argue that higher energy and raw materials prices, and their impact on consumer demand, have created a difficult trading environment for them over the past year. We recognise that the industry makes an important social and economic contribution to the life of this country. I would argue that the modest inflation-only increase in the duty on beer, wine and cider recognises those concerns, while providing the important stream of revenue that is necessary to maintain our commitment to public services.