Yesterday I mentioned the catastrophic increase in beer duty in the early 1930's. Today I'm going to give you more details about it.
As you can see, in 1930 41 million barrels of beer were produced. Taxed at 80 shillings (4 pounds) per standard barrel, this brought in the government 71 million quid. Two years later, with tax at 114 shillings per standard barrel, fewer than 18 million barrels brewed and the total revenue collected was down to 67 million pounds.
Realising their mistake, the government dropped duty back to its old level, but it was too late. Beer production remained at around 20 million barrels and government revenues were just 54 million pounds.
There's a lesson in there for governments who greedily eye beer as an easy source of cash.
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