C&C acquires 50% stake in Wallaces Express
C&C Group has acquired a 50% equity stake in Irvine-based wholesaler Wallaces Express.
The Magners and Tennent’s owner said the move would give on-trade customers “enhanced service and increased value”.
Under the deal, Wallaces Express will continue to be run independently and will work alongside C&C Group to deliver a “full portfolio” to the Scottish on-trade.
Beer duty cut in Budget
BEER duty is to be cut by 1p and the controversial escalator scrapped – but the 2% above inflation rise in duty will remain in place for wine, cider and spirits.
Delivering his Budget, chancellor George Osborne confirmed the 3p rise in beer duty planned for April has been scrapped and beer duty will be cut by 1p; the annual 2% above inflation duty escalator will also be scrapped for beer.
However, the controversial duty escalator will continue to apply to wine, cider and spirits.
Minimum pricing remains on track
THE Scottish Government has reiterated its commitment to introducing a minimum price for alcohol as plans for a similar policy down south appear to have faltered.
Scottish health secretary Alex Neil said that the Scottish Government has a “firm commitment” to minimum unit pricing for alcohol, regardless of what happens in England.
Health warnings are a step too far
PROPOSALS to put health warnings on alcohol labels and ban all alcohol advertising and sponsorship have been branded a step too far by trade groups.
The recommendations were outlined in ‘Health First: an evidence-based alcohol strategy for the UK’, which was developed by the Alcohol Health Alliance and published by the University of Stirling last week.
Military ID cards get the green light
PUBS and clubs will be able to accept military ID cards, EU national identity cards and biometric residency permits as proof of age from October 1.
The Scottish Government confirmed plans to extend the range of identification documents which can be accepted by someone selling age restricted products, including alcohol.
The move will see military ID cards, EU national identity cards and biometric residency permits join passports, EU photocard driving licences and PASS cards as acceptable forms of proof of age.
Beer duty fight gathers pace
A NEW campaign calling for the chancellor to freeze alcohol duty and scrap the controversial ‘escalator’ at this month’s Budget has been backed by trade and business groups.
The Wine and Spirit Trade Association (WSTA), the British Beer & Pub Association (BBPA), and the Forum of Private Business (FPB) have welcomed the Mash Beer Tax campaign, launched by the Tax Payers’ Alliance, which has seen thousands of beer mats highlighting alcohol duty levels distributed to pubs across the UK.
Petition calls for rates U-turn
BUSINESS leaders have launched a campaign calling on the Scottish Government to scrap its decision to delay by two years the next revaluation of business rates.
Commercial property firm Colliers International is behind a petition lodged with the Scottish Parliament that claims the move risks having a “devastating” effect on the retail trade.
FSA praised for swaps action
A GLASGOW restaurant owner last week welcomed the initial findings of a City probe into the sale of interest-rate hedging products (IRHPs) – complex financial products sold by banks alongside or as part of business loans.
IRHPs, also known as interest rate swaps, were sold by banks to SMEs, largely between 2001 and 2006, to insure commercial loans against the possibility of interest rates soaring.
Spirits group in pre-Budget call
THE Wine and Spirit Trade Association is the latest trade group to appeal for the alcohol duty escalator to be scrapped.
The organisation, which represents more than 300 companies in the wine and spirits industry, met with economic secretary to the treasury, Sajid Javid, earlier this month to put forward its argument for removing the escalator, which increases duty by 2% above the rate of inflation each year.
Thank you, and goodbye
FORGIVE me, dear reader, for this moment of reflection.
After 11 and a half years on the trade beat, and occupying the editor’s chair for nearly the past eight, I’m moving to a new journalistic parish.
On a personal level, it’s the right time for a fresh challenge, but it’s with a treasure trove of memories, and a healthy dose of gratitude, that I make the move.
The trade was a different place when I was introduced to its intoxicating mix of people and politics in the summer of 2001.
Back then anything seemed possible.