Beer Duty Escalator

Well blow me down, I nearly fell off my chair!

If you believed this mornings front pages, the beer duty escalator, the thing that raised beer duty 2% above inflation regardless, was for the chop. Unlike the headline above, we weren’t in-line for 6p duty reduction, scrapping the escalator would have just resulted in duty staying the same, i.e. no actual reduction.

So imagine my surprise when I got back from lunch to find that in addition to the beer duty escalator getting the chop, we’ve also got a 1p reduction in beer duty! I can’t remember the last time beer duty was reduced (Derick Heathcoat-Amory in 1959 evidently), remarkable. My twitter feed has understandable gone a bit bonkers. If I wasn’t off the beer this month, I’d have a pint to celebrate…

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However, not for the first time, I’ll leave the final word to someone more eloquent than me…

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