This minimum alcohol pricing. It’ll add to inflation.
Implementation of a minimum unit price at any level will increase prices and therefore inflation. As shown in Table 4 the impact of a 45p MUP is estimated to be a +0.2ppts, based on the weight of off-trade alcohol sold in the Consumer Prices Index.
Benefits are uprated for inflation. Benefits bill is £160 billion a year.
So that’s £300 million right there.
Oh, and the supposed drop in consumption? That’ll cost £200 million in lost excise duty as people tax avoid by drinking less.
So, half a billion a year out of the public purse.
Still think it’s worth it?
These people really are morons doing it this way aren’t they?