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Daily Mirror
Daily Mirror
Business
Sam Barker

Wine prices set to soar by 'eye watering' amount because of cost of glass

Brits are due to pay more for their wine - and it's all because of the price of glass.

Wine suppliers are set to pay 45% to 70% more for their glass bottles next year, as energy costs drive up their prices.

One wine firm described the rise as “absolutely eye-watering” and said consumers could face “big increases”, The Grocer reports.

Many firms are now trying to reduce the amount of glass they use to save money.

Wine costs could also go up because wine suppliers are paying more to recycle their glass.

The price of wine is set to go up next year (Getty Images)

But Brits also face paying more for booze as Chancellor Jeremy Hunt scrapped a freeze on alcohol duty this week.

The changes are set to mean Brits will pay around 7p more, on average, for a pint of beer.

A pint of cider will go up around 4p, a bottle of wine 38p and a bottle of spirits £1.35.

Booze duty was due to be frozen for a year under plans announced by former Chancellor Kwasi Kwarteng in his Mini-Budget on September 23.

Mr Kwarteng's original plan was to freeze tax on booze from February 2023.

But the disastrous Mini-Budget led to financial chaos - and My Kwarteng being sacked.

Earlier this week Mr Hunt unravelled a number of Mr Kwarteng's plans, including the freeze to alcohol duty.

Before Mr Kwarteng stepped in, alcohol tax was due to go up by the retail prices index level of inflation - currently 9.9%.

Mr Hunt said: “We will no longer be proceeding with…the freeze on alcohol duty rates".

Mr Kwarteng originally wanted to freeze alcohol tax due to worries from the booze industry.

The former Chancellor said he had "listened to industry concerns" over planned rises in the tax paid on booze, which is passed on to consumers.

On announcing the freeze he said: "Our drive to modernise also extends to alcohol duties. I have listened to industry concerns about the ongoing reforms.

"I will therefore introduce an 18-month transitional measure for wine duty.

"I will also extend draught relief to cover smaller kegs of 20 litres and above, to help smaller breweries."

Food and drink industry chiefs have called on the Government to get to the bottom of "crippling" price rises causing alarm in the industry.

Bosses warned of beer shortages as brewers face 400% price hikes for CO2, while meat producers said they can see "little justification" for massive rises.

There is growing concern about supplies of CO2 as production of the gas was recently halted at a plant in Billingham due to soaring energy prices and another in Teesside temporarily ground to a halt.

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