Wines: Excise Duties

Treasury written question – answered on 20 April 2023.

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Photo of Graham Brady Graham Brady Chair, Conservative Party 1922 Committee

To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of planned wine duty increases on (a) elasticity of demand and (b) forecast levels of future revenue to the Exchequer from alcohol duty.

Photo of James Cartlidge James Cartlidge The Exchequer Secretary

The Office for Budget Responsibility (OBR) published its latest Economic and Fiscal Outlook report in March 2023. The publication contained an alcohol duty revenue forecast up to and including 2027-28 and was inclusive of all planned changes to alcohol duties including wine duty increases.

Table 2.12 in the supplementary tables published alongside the Economic and Fiscal Outlook report contains separate clearance and receipt forecasts by type of alcohol.

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