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Minimum alcohol price will raise cost by up to 90% in Scotland – study

 

The Scottish government’s 50p minimum unit price for alcohol, which comes into force on 1 May 2018, will have a dramatic impact on prices, according to the Institute for Fiscal Studies.

Minimum alcohol price will raise cost by up to 90% in Scotland

Minimum alcohol price will raise cost by up to 90% in Scotland

Some cider products will rise in price by as much as 90%, according to the IFS briefing note, which also found prices would increase across all alcohol types. The price of a 20 x 440ml pack of Strongbow would double, while a bottle of Tesco cream sherry would increase by 20%.

The minimum pricing policy, which comes into force after a five-year legal battle between the Scottish government and the Scotch Whisky Association, is intended to stop the sale of cut-price, high-alcohol drinks such as cider.

The IFS found that almost 70% of the alcohol units bought in supermarkets and off-licences across the UK between October 2015 and September 2016 were priced below 50p per unit. With a 50p minimum unit price, the cost of these products would increase on average by at least 35%, with lager and cider most affected.

The per unit price of cider products currently priced below 50p would rise by 90%, while for lager the equivalent would be 44%. The majority of wines and spirits are also currently priced at less than 50p per unit, but alcopops would be unaffected because almost none are sold below that unit price.  Read More

 

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