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Type: IFS Press Releases
Authors: Rachel Griffith and Andrew Leicester
Related report: The impact of introducing a minimum price on alcohol in Britain
A grouping of opposition Members of the Scottish Parliament recently removed plans for a minimum price of 45p per unit of alcohol from the Alcohol Bill currently in front of the Scottish Parliament, though the SNP minority Government is still in favour of the measure. IFS researchers estimate that if a policy like this were rolled out across Britain it could transfer £700 million from alcohol consumers to retailers and manufacturers. This contrasts to increases in alcohol taxes, which largely result in transfers to government in the form of much needed tax revenue. In the long-term, it would be desirable to restructure alcohol taxes so that they were based on alcohol strength, thus allowing the tax system to mimic the impact of a minimum price but ensuring the additional revenues went to the Government rather than firms.
These are among the findings of new research published today by the Institute for Fiscal Studies, funded by the ESRC Centre for the Microeconomic Analysis of Public Policy at IFS. Using data on off-license alcohol purchases of a large number of households in 2007, the authors estimate the impact of a 45p per unit minimum alcohol price introduced across Great Britain.
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Recent IFS Press Releases
Independent Scotland would face tougher long-run fiscal challenge than the UK as a whole
An independent Scotland would require a significant cut in spending or increase in taxes, over and above that already announced by the UK government, in order to put their long-term public finances onto a sustainable footing.
Since 2008 food spending fails to keep pace with rising food prices and nutritional quality of calories falls / Long term decline in calorie purchases despite increase in calories from eating out, snacks and soft drinks
These are the key headlines from two new pieces of research published by the Institute for Fiscal Studies and due to be presented today as part of the ESRC Festival of Social Science.