Scotland now to impose Minimum Pricing for Alcohol

This week the British Supreme Court cleared the way for the Alcohol (Minimum Pricing) (Scotland) Act 2012 to be enacted. The Scotch Whisky Association (SWA) had mounted a legal challenge to try to halt the price hike, which it said was disproportionate’ and illegal under European law. (Daily Mail) The Act will mandate that retailers […]

Alcohol Concern’s anti-poor campaign

Although I am not in any way a socialist, I vigorously oppose anything where the poor and weak are made to subsidise the rich and the powerful. I also strongly oppose policy being enacted which will be to the net detriment of society as a whole. This is why I strongly oppose the latest report […]

ASI on the Minimum Price for Alcohol

Uncharacteristically, the Adam Smith Institute has made a serious error in its economic analysis. The idea of alcohol being a Giffen good is certainly a contestable one. There are a couple of pertinent areas here. The first is whether alcohol in the UK meets the requirements of a Giffen good. The second is whether the pattern of […]

Alcohol – BMA gives a flawed diagnosis and dangerous prescription

Yesterday the BMA issued a report on the effects of alcohol marketing on young people. The report is flawed on two fronts. Studies that show that strong marketing for individual products is successful does not mean that this affects the overall level of drinking by young people. The BBC’s example of the highly successful Magner’s […]

Australian Beer Prices set to Double Due to Global Warming?

Earlier this week Nature Plants published a new paper Decreases in global beer supply due to extreme drought and heat.  The Scientific American has an article “Trouble Brewing? Climate Change Closes In on Beer Drinkers” with the sub-title “Increasing droughts and heat waves could have a devastating effect on barley stocks—and beer prices”. The Daily Mail […]

SNP Government’s Out-Sourced Propaganda on Food Waste

In the previous post I promised to provide some clear illustrations of the climate of this policy nonsense in Britain. The United Kingdom has a rather strange constitution, where three of the four countries have devolved assemblies, but largest with 83% of the population does not. The most vocal by far is the Scottish Assembly lead […]

Trump is wrong on China Global Warming Hoax but right on the policy consequences

Summary Donald Trump’s famous tweet that Global Warming is a Chinese Hoax is false, but the policy implications are correct. Total proposed climate policies under the Paris Agreement will not stop global emissions rising, but the policy aim is to have global emissions falling rapidly after 2020. The Rio Declaration 1992 exempted developing countries from […]

Cure Worse Than The Problem? – Global Warming and California Prop 21 Compared

Warren Meyer seems to have got a little confused on his blog posting on Judith Curry’s ostracism by the alarmist community. He states I find it just staggering that Judith Curry, whose hypotheses about man-made global warming probably overlap those of the hard core alarmists by 80-90%, can no longer be tolerated by alarmists.  Much as the […]

NICE Supports Big Business Profits at Expense of Consumers

The impact health watchdog NICE, consisting of non-economists, should be aware of a couple of points of economics when they propose a minimum price for alcohol. (Times and BBC) First, alcohol is inelastic with respect to price. This is why, like tobacco and petrol, there can be such huge taxes with very little impact on consumption. […]

Cameron fails to understand the Booze Problem

ToryDiary reports David Cameron as saying yesterday “We need to look at the unbelievable availability of very cheap drink, getting three litres of cider for £1.99, at all hours of day and night. We’ve got to do something about this and I’m exploring what we can do to deal with the drink that’s fuelling so […]