Scotland’s Price Floor on Booze is Bad News for the Poor

Britain, Society, Uncategorized

Scotland will become the world’s first country to set minimum prices for alcoholic beverages, following a clearance for the law by the Supreme Court. Beginning in May 2018, vendors shall be legally required to charge at least 50 pence-per-unit. To put this into perspective, an average 750ml bottle of wine contains 10 units; Scottish vendors will thus be unable to sell bottles of wine for any cheaper than £5.00.

The idea behind minimum pricing is that the cheap, strong booze popular amongst alcoholics and teenagers will be less easily attainable, thus reducing alcohol-related illnesses, injuries, and deaths.

In reality, minimum pricing is likely going to do more harm than good.