Ahead of tomorrow's budget can we have a competition to see whose predition is most accurate.
Can I start with an increase in tax on booze & fags?
Too easy? Ok then:
12p on wine. And...
As Labour set a tax hike accelerator on booze and fags a few years ago the chancellor will say "No change to the way booze and fags are taxed" or some such slippery doublespeak and the press will report "no change". The reality will be 12p on a bottle of wine. That's 12p plus the normal margin (or you erode profits) plus VAT. So realisticly he means 20p on a bottle of wine in store. So half decent Claret will go from £23 to £23.20? Will it bollocks. It will stay at £23 for a bit and then quietly slip up to £24
Tesco's suppliers will be expected to contribute an additional 20p from the 5p a bottle they already make so will have to cut corners. Expect "Bulls' Blood" to contain Horse urine.
The duty on wine will be £24.25 +VAT! thats a 6% increase or about 5% above inflation. Robbing Bastards!