Chancellor Alistair Darling has put UK alcohol excise duty up for the the second time this year, raising the duty component on a bottle of still wine to £1.58. This represents a further increase of 8% in a year which has already seen record duty increases in April's annual Budget.Whereas the cost of a bottle of wine would have been brought down by the recent VAT rate cut, it has now gone up overall due to this duty rise. Exactly what the Chancellor is trying to achieve with all this is unclear. Is there method in his madness?
