HomeBusiness NewsSunak expected to use ‘giveaway Budget’ to lower alcohol in pubs

Sunak expected to use ‘giveaway Budget’ to lower alcohol in pubs

by Mark Fitt Political Journalist
25th Feb 21 12:39 pm

The Chancellor of the Exchequer is expected to use a “giveaway Budget” on 3 March to cut taxes on alcohol in pubs and boost the economy.

Next week Rishi Sunak will unveil a series of “eye catching” policies which will help the hospitality sector, motorists with no fuel duty rise and the housing market, according to The Mail.

However, Sunak could raise alcohol prices for supermarkets, to encourage people to buy locally, as the Treasury have conducted a new review on alcohol last year.

It is expected that the Chancellor will not increase fuel duty by 5p, which was previously planned for the upcoming Budget on 3 March.

The hospitality and tourism sectors could also be seeing an extension on business rates holiday and VAT until the summer, The Mail was told by a source in the Cabinet.

The Cabinet source added, “There is broad agreement that the support package has to go hand in hand with the roadmap.”

Treasury officials are exploring introducing high street vouchers in what is being called “Shop Out to Help Out” and the Eat Out to Help Out scheme is another possibility which could come out of the Budget.

You may also like

Leave a Comment

CLOSE AD

Sign up to our daily news alerts