Enjoy your port or sherry this Christmas – politicians are planning to bump up prices in proposed tax changes
Published on 24 December 2021
The Government’s proposed overhaul of the UK’s clunky alcohol taxation system will see prices rocket for port and sherry drinkers.
Consumers are being encouraged to enjoy their favorite festive drinks this year as producers predict price rises of around 13% if Treasury plans go ahead.
At the Autumn Budget the Chancellor, Rishi Sunak, announced a new taxation model which unfairly penalises fortified wines, and which would push the price of a bottle of port or Oloroso sherries up by £1 or more.
If the proposals are passed by Government port and sherry producers fear that hundreds of years of British tradition will be under threat.
Producers are completely at a loss as to why politicians are targeting the fortified wine sector which is steeped in British history and was specifically created in to suit the British palate.