Emergency Budget: Cider tax to be reversed
Emergency Budget announces that the increase in cider duties will be reversed at the end of the month
Chancellor announces in his Emergency Budget that the increase in cider will
be reversed at the end of the month in time for football fans to either
celebrate England’s success or “drown their sorrows”.
George Osborne also announced that duties on alcohol, tobacco and petrol will
remain the same.
The chancellor hopes that there will be a review of oil prices in time for
the next budget to stabilise pump prices. He also hopes that there will be a
further announcemnt on aviation tax by the next Budget which is expected to
change a tax structure which charges each passenger to tax per flight.