New Green Tax EPR Levy Hikes Drink Prices, Sparks Business Fears
A new green tax, the Extended Producer Responsibility (EPR) levy, comes into effect this week. This will lead to price increases for popular drinks and retailers' concerns about its impact on struggling British firms.
The EPR levy will add 9p to the cost of a standard bottle of wine, 4p to a 330ml beer bottle, and 11p to spirit bottles. These increases are based on the weight of packaging, disproportionately affecting sustainable forms like glass.
Retailers, producers, and hospitality firms have raised concerns about the damaging effect of the EPR levy on struggling British businesses. Industry lobby groups warn that it goes against the UK government's plans for growth. John Lewis estimates the EPR could contribute to its overall costs increasing by an extra £29m. In June, industry figures warned that the EPR tax could encourage firms to relocate production abroad.
The EPR levy aims to boost recycling rates among local authorities by passing costs onto companies selling products. However, its impact on British firms and potential job losses is a cause for concern. The government's response to these worries remains to be seen.
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