Results 1 to 2 of 2

Thread: Price of alcohol to rise

  1. #1
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    Location
    currently Ras al Khaimah, UAE, ex Wales, UK
    Posts
    11,180
    Blog Entries
    1

    Default Price of alcohol to rise

    For those who worry about such things....

    Price of alcohol to rise
    Last updated 15:01 30/06/2009

    Adding to the gloom of winter and a recession, the price of booze is likely to rise when the Government increases the excise tax on alcohol by 2.8 percent tomorrow.

    Some retailers tried to resist passing on price rises from the main breweries in March but would be forced to increase prices now, Hospitality Association of New Zealand chief executive Bruce Robertson said.

    "My understanding is that most manufacturers are going up similar amounts or more I certainly know that Lion (Nathan) and DB (Breweries) are increasing their prices by at least 3 percent, and we're certainly expecting that retailers are going to have no choice but to pass that on to consumers," Mr Robertson said.

    Different rates of tax are paid on different levels of alcohol, but the 2.8 percent increase will apply to all tax rates.

    Prices were expected to rise over the next month, with some retailers likely to apply it immediately and others using up stock before passing on the increase.

    Tax increases could contribute to a further decline in sales, and job losses across the hospitality, entertainment and beverage industries, the Distilled Spirits Association said.

    The Hospitality Association had written to Minister of Finance Bill English asking that the annual adjustment be deferred.

    The tax, which is adjusted to reflect the rate of inflation, rose by around 3.5 percent last year.

    - NZPA

    From here.
    Mother Bear

    Try to bloom wherever you are planted.

  2. #2
    Banjo.Jon's Avatar
    Banjo.Jon is offline Finger Picking Good!!!
    Join Date
    Jun 2007
    Location
    Kaiapoi, NZ
    Posts
    326

    Default

    and is all I have to say about it
    Landed in NZ, 13th August 2008

    Web http://the-clarks.freehostia.com/

Similar Threads

  1. Fruit and veges hit by big price rise
    By MotherBear in forum What's in the news?
    Replies: 0
    Last Post: 25-08-2008, 03:29 PM
  2. Alcohol prices set to rise
    By MotherBear in forum What's in the news?
    Replies: 0
    Last Post: 01-07-2008, 05:02 PM
  3. Duty on Alcohol
    By nickydwuk in forum Making The Move
    Replies: 2
    Last Post: 30-05-2008, 08:19 AM
  4. Bid to lower alcohol level
    By MotherBear in forum What's in the news?
    Replies: 7
    Last Post: 02-06-2007, 04:52 PM
  5. Alcohol in NZ
    By MotherBear in forum General NZ Chat
    Replies: 1
    Last Post: 29-10-2005, 12:15 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46