Budget 2015: No change in duty when you buy wine

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Normally when you buy wine just after a Budget speech, you might expect an increase of a few pence in the alcohol duty charged on it, as was frequently the case under a Labour government.

However, after cancelling Labour's planned alcohol duty escalator, the coalition government has continually taken action to freeze or reduce the percentage of tax paid on alcoholic beverages across the board.

In the 2015 Budget speech delivered a few days ago, George Osborne repeated his 'penny off the pint' announcement, which he claims has already created 16,000 jobs in the past year.

This is the third year in a row when beer duty has been cut by a penny per pint, and the Chancellor also knocked 2% off of cider duty, as well as the duty on Scotch whisky and other spirits.

His move here is inspired by the fact that cider and Scotch are both produced domestically in the UK in large quantities, so a duty cut should have a disproportionately positive effect on those industries.

Meanwhile, duty on wine was frozen - which, although it is not a cut, should mean you pay no more when you buy wine now than you did before the Budget, and that seems worth celebrating.