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Simoney Kyriakou Profile picture
Simoney Kyriakou
@MoorgateMermaid
Senior Editor of FT trade title @FTAdviser. Also: author, public speaker, possibly funny. Leftist softy. God-botherer. Cat-stroker. All views my own. UK/CAN
Oct 27, 2021 • 5 tweets • 2 min read
So - A radical simplification of alcohol duties.
FIVE STEPS (not 12??)
#Budget21
1) Slashing main duty rates from 15 to 6. The stronger the drink, the stronger the rate
1/5 2) A new, smaller producer relief. Small cider makers and other producers will be getting a lighter rate.
Oct 27, 2021 • 4 tweets • 2 min read
Healthcare spending to increase by £44bn by the end of the parliament.
The new Social Care Tax will go towards the NHS and social care services.
#Budget21 Also providing local government with £4.8bn funding