In the latest of our podcasts supporting the Royal Economic Society Conference 2008 Romesh Vaitilingam talks to Ben Lockwood about the effect of the European Single market on alcohol and tobacco taxes.http://www.intute.ac.uk/socialsciences/blog/wp-content/files/migalilockwood.mp3%5D
In the wake of Alistair Darling’s swingeing increases on duty on alcohol in Wednesday’s budget comes a new report examining why duty may not have been increased as much as governments would have liked – and implying that these new duties may not raise as much revenue as the Chancellor is expecting.
The research by Giuseppe Migali and Ben Lockwood, presented at this Royal Economic Society’s 2008 annual conference, finds that the completion of the European Union’s ‘single market’ – which removed all restrictions on trade in goods between member countries – meant that the UK government has not been able to raise alcohol and tobacco duty as much as it might like.
Read more about this research at the Economics in Action blog. Read more papers by Ben Lockwood at EconPapers and search for more Internet resources on this topic at Intute: Social Sciences which has more on taxes and taxation.