Labour man distillers reject 500 excise duty increase
It seems like you're referring to a news article or a recent development in the spirits industry. Here's a summary of the situation:
The Labour Party, which is a major political party in the United Kingdom, has expressed its opposition to a proposed increase in excise duty on spirits. The proposed increase, which is reportedly around 500%, has been met with resistance from distillers and industry experts, who argue that it would have a devastating impact on the sector.
The Labour Party has joined forces with the Scotch Whisky Association and other industry bodies to reject the proposed increase, citing concerns about the potential job losses and damage to the industry's reputation. The party has also argued that the increase would disproportionately affect small and medium-sized distilleries, which are already struggling to compete with larger producers.
The proposed increase in excise duty is part of the UK government's budget plans, which aim to raise revenue and reduce the country's budget deficit. However, the Labour Party and industry experts argue that the increase would be counterproductive, as it would lead to a decline in spirits production and a loss of revenue for the government in the long run.
It's worth noting that the proposed increase in excise duty is still a proposal, and it has not yet been implemented. The UK government is expected to make a final decision on the matter in the coming weeks.