Tag Archives: beer. CAMRA

Opinion: The escalator that’s pricing beer into insensibility

Today, upward of a thousand enthusiasts are descending on Westminster to demand protection for one of the nation’s great heritage assets. Beer.

The Labour government of old was unduly fond of price and tax escalators, which generally take the form of retail price index plus a bit more. I have always regarded this as a rather odd fiscal mechanism because it simply creates a circularity that feeds itself. Costs go up, the RPI duly rises, and costs go up again as a result.

It beats me why the coalition has decided to maintain this blunt policy. Fiscal escalators

Posted in Op-eds | Also tagged and | 10 Comments



Recent Comments

  • User AvatarPaul Walter 21st Oct - 5:33pm
    The way he is holding the document makes it relatively obvious he is doing it on purpose.
  • User AvatarCaron Lindsay 21st Oct - 5:24pm
    #iagreewithAlice. This is a chance for Nick to right a huge wrong. We should have had a woman in the Cabinet a long time ago....
  • User AvatarRobin McGhee 21st Oct - 5:19pm
    Great article! Really can't see a reason not to have Jo Swinson in as Scottish Secretary, at the very least.
  • User AvatarHelen Tedcastle 21st Oct - 5:18pm
    I agree with Caron Lindsay - well said.
  • User AvatarRC 21st Oct - 5:12pm
    Just to repeat my point, you don't have to have a surplus to start reducing the relative size of the debt, if the economy is...
  • User AvatarRC 21st Oct - 5:10pm
    @ Bill le Breton If there isn't, we're going to be heading deeper and deeper into a debt spiral from which it will be difficult...