Treasury written question – answered at on 29 July 2024.
Alistair Carmichael
Liberal Democrat Spokesperson (Home Affairs), Liberal Democrat Spokesperson (Northern Ireland), Liberal Democrat Spokesperson (Justice)
To ask the Chancellor of the exchequer, what assessment she has made of the impact of the increase in alcohol duty for spirits introduced in 2023 on the Scotch whisky industry.
James Murray
The Exchequer Secretary
On 1 August 2023, spirits duty rates were increased in line with inflation, after 6 years of consecutive freezes. Duty is currently frozen until 1 February 2025.
The Government is closely monitoring the impact of the recent reforms and rates that took effect on 1 August 2023.
The Chancellor makes decisions on tax policy at fiscal events.
Yes2 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
