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How does the 2014 budget affect alcohol?

The 2014 budget has brought mixed news for drinkers. To sum up the chancellor’s announcements:

  • Beer duty will be cut by 1p per pint.
  • Taxes on ordinary cider and spirits are to be frozen.
  • All other alcoholic drinks, including wine, will see duty rise at the rate of inflation, which is currently 1.9%.

Farrell Financial Planning are Glasgow based independent financial advisers (IFAs) and encourage only responsible drinking.

Farrell Financial Planning offers expert independent financial advice to both individuals and businesses. More details about the advice and services we offer are available on our services page.

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