Mr Hunt overturned Mr Kwarteng’s decision in October 2022, but then performed a surprising U-Turn.
The Chancellor said the alcohol duty freeze would be extended by six months, and is therefore set to expire on August 1.
The Scotch Whisky Association has said “what was right in December, remains right for the March Budget”, in its call for “fair taxation”.
The association has said a freeze on spirits duty in the Budget would “lift struggling hospitality businesses, support consumers, and boost UK growth, jobs and investment”.
A survey by the UK Spirits Alliance (UKSA) recently showed more than half of distillers who responded said they had already hiked prices by up to 10 percent.
For all the latest Business News Click Here
Denial of responsibility! FAECO is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at firstname.lastname@example.org The content will be deleted within 24 hours.