No UK minimum alcohol price

The Telegraph reports:

Sources have confirmed that the Coalition will not attempt to implement the Prime Minister’s plan for a 45p per unit minimum price.

Is that all? Labour MPs here were talking $2 a stand drink minimum price!

Mr Cameron had argued that making drinks more expensive would curb problem drinking, while several ministers argued that the minimum price would only serve to penalise responsible drinkers. The minimum price was also opposed by the Treasury, where officials argued that it would reduce tax revenues at a time when the public finances remain strained.

One Treasury source described the Prime Minister’s plan as “a remarkably stupid idea”.

Government insiders suggested the Chancellor is considering using the Budget to impose higher taxes on some drinks and argue that doing so will address problem drinking.

There is an interesting debate about the merits of vs excise taxes. Our current excise tax regime is lopsided and not all is taxed at the same rate.

A spokesman for the Wine and Spirit Trade Association said: “Minimum unit pricing would penalise responsible drinkers and treat everyone who is looking for value in their shopping as a binge drinker.”

Yet it is Labour and Green party policy. Beware.

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