Large supermarket chains would benefit from a £700m windfall if minimum pricing for alcohol was introduced across the UK, new research indicated today.
Tesco, the UK\’s biggest supermarket, stands to reap the most rewards, according to the Institute for Fiscal Studies (IFS).
The thinktank researched the likely impact of a 45p minimum unit price for alcohol – the controversial measure which had been proposed by the Scottish government but was recently rejected by opposition parties.
The IFS said such a policy would benefit retailers rather than the public purse, echoing an argument that critics of minimum pricing have used against the measure.
How could it be any different?
Currently some of the supermarkets use low booze prices as loss leaders. Ban them from doing so and they\’ll not be making such losses on such items.
But over and above that I really never have understood these campaigners arguing for minimum prices. Are they really so bereft of the most basic economic knowledge that minimum prices will of course, inevitably, benefit the producers and retailers?
Heh, perhaps the whole thing has actually been cooked up by the producers and retailers? A million here and a million there to a few fake charities and that £700 million a year would be a nice return, wouldn\’t it?