Should there be a minimum legal price for alcoholic drinks in the UK as an intervention to tackle the market failures associated with excessive drinking?
The UK government introduced a ban on the sale of alcohol below cost price from May 2014. A can of average strength lager cannot be sold for less than 41p and a standard bottle of vodka cannot be sold for less than £9.06.
Arguments for a minimum price on alcohol sold in supermarkets:
Counter-arguments against using minimum prices for alcohol:
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