In the News
Scotland to raise the minimum alcohol price by 30%
5th February 2024
Has Scotland's minimum alcohol pricing policy worked? The minimum price of alcohol in Scotland is set to rise by 30% to 65p per unit, making a bottle of whisky at least £18.20 in an attempt to reduce alcohol-related disease. Supporters of the move point to the negative consumption externalities that affect healthcare services, the justice system and families.
Critics of the move would point out that there's little empirical evidence that this move has done anything to reduce alcohol consumption and instead sees a transfer from consumers to alcohol producers able to make abnormal profits from alcohol sales as a result.
You might also like
Market Failure & Government Intervention (Revision Presentation)
Teaching PowerPoints
Minimum Alcohol Prices (Government Intervention)
Study Notes
Government Intervention - Minimum Prices
Study Notes
Price Volatility in Markets & Buffer Stock Schemes
Topic Videos
Scottish Minimum Price for Alcohol Faces Delay
3rd September 2015
Market failure and government intervention - revision resource
18th March 2016
Minimum Prices for Alcohol: Evaluation
Topic Videos