Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Fentimans warns glass tax could end 120 years of business

by September 5, 2024
September 5, 2024
Fentimans warns glass tax could end 120 years of business

Fentimans, a renowned maker of traditional soft drinks since 1905, has warned that proposed government plans to introduce a glass tax could threaten the company’s future.

The tax, part of an “extended producer responsibility” initiative by the Department for Environment, Food and Rural Affairs (Defra), is expected to add an estimated £300 per tonne to the cost of recycling glass.

Ian Bray, CEO of Fentimans, expressed grave concerns about the impact on small businesses: “Fentimans has been selling quality soft drinks since 1905. It would be tragic if this inequitable policy destroyed our business after 120 years just because it hasn’t been thought through.”

The proposed tax has sparked backlash from brewers and soft drinks manufacturers, who argue that the additional costs will place an undue burden on the industry. Trade bodies, including the British Beer and Pub Association, have called on Environment Secretary Steve Reed to reconsider the tax. The association estimates that the tax could increase costs by 3p to 7p per bottle for the 3.2 billion bottles of beer sold annually in the UK, equating to an additional £84 million to £212 million—a beer duty increase of between 8% and 21%.

Emma McClarkin, Chief Executive of the British Beer and Pub Association, emphasised the potential economic impact: “These estimated fees provide long-overdue clarity, but they sharply reinforce our concerns about the eye-watering additional costs brewers will be expected to bear from next year and the impact on customers.” She underscored the brewing industry’s role in supporting hundreds of thousands of jobs and investing in low-strength and alcohol-free options that align with public health goals, arguing that the sector is already heavily taxed.

Paul Davies, CEO of Carlsberg Marston’s Brewing Company, highlighted the brewing sector’s commitment to sustainability, with goals such as achieving zero packaging waste and ensuring 100% recyclable, reusable, or renewable packaging by 2030. However, he voiced concerns about the financial strain the new costs could place on the industry amid ongoing challenges with high energy and material prices: “We would urge the government to hold constructive discussions with industry about how EPR could be implemented in a way that delivers our shared ambitions for sustainability, whilst also supporting and preserving our treasured national beer and pub culture.”

British Glass, representing the glass industry, is lobbying for a delay in implementing the tax, warning that it could result in “significant job losses.” The proposals have created tension between the glass sector and other packaging materials, such as plastic and aluminium, which have been granted an additional two years of grace before they are subjected to similar waste policy costs.

Nick Kirk, Technical Director at British Glass, pointed out the disparity: “These materials are due to be part of the incoming deposit return scheme in October 2027, but will not be subject to [extended producer responsibility] fees in the meantime, meaning they benefit from an additional two years without waste policy costs.”

Defra has defended the proposed measures, describing them as a crucial step towards reducing waste and advancing a circular economy. A spokesperson from Defra stated: “Extended producer responsibility for packaging is a vital first step in cracking down on waste as we move towards a circular economy and we have always been clear these fees are our initial estimates. In line with our collaborative approach, we are continuing to meet the glass industry to discuss more workable approaches, including for how we calculate the cost of glass.”

Read more:
Fentimans warns glass tax could end 120 years of business

0
FacebookTwitterGoogle +Pinterest
previous post
Trump warns US approaching ‘World War III territory’ under Biden-Harris admin: ‘Clowns’
next post
UK private sector economy outpaces expectations in August despite tax concerns

You may also like

Companies going bust rises by a fifth compared...

March 15, 2024

British journalist accuses Barclaycard of anti-semitism over credit...

September 8, 2024

UK’s growth stage sector urges government to ‘go...

November 9, 2022

What the changing media landscape means for SMEs

February 26, 2024

Government injects £54m into the development of trustworthy...

June 15, 2023

12 Steps to Improve Road Safety in Your...

October 21, 2024

All’s Fair in Love and Business

February 14, 2024

UK support at global tech show less than...

January 6, 2025

Ed Sheeran facing a second copyright lawsuit

September 30, 2022

An In Depth Conversation with Andrew Draayer On Balancing...

April 2, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • UK payrolls see biggest drop since covid as wage growth slows and job market weakens

      June 10, 2025
    • Why AI and green tech are vital to SME growth in 2025

      June 10, 2025
    • Yes, it’s great to get PR coverage – until it’s locked behind a bloody paywall

      June 10, 2025
    • We have to act now to keep AI from becoming a far-left Trojan Horse

      June 10, 2025
    • SME lending delays slashed by 80% thanks to fintech-driven back-office reform

      June 10, 2025
    • UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech

      June 10, 2025

    Categories

    • Business (8,173)
    • Investing (2,021)
    • Politics (15,580)
    • Stocks (3,138)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved