The government will not introduce a minimum price for a unit of alcohol in England and Wales but will stop it being sold below the cost of duty plus VAT.
Mitchell Rayner's insight:
The government creating a minimum price on alcohol will have a dramatic effect on pub landlords and shop owners, as they will have to pay more for their alcohol and sell it at a higher price. As a result, they will lose profit from the sales of alcohol as it's likely less people will buy it at a higher price.
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