Essays /

Uk Government Has Recently Considered Introducing Essay

Essay preview

Engagement Exercise
“The UK government has recently considered introducing a minimum price scheme for alcohol. Discuss the likely economic effects using correctly labelled supply and demand diagrams to explain and illustrate your answer.”

A policy in which minimum price is fixed for a unit of alcohol is called Alcohol minimum pricing. Alcohol cannot be sold below the given price. By initiating a minimum price per unit of alcohol, beverages with a high number of units that are at present being sold at low cost are largely effected in price through the introduction of this policy (Bill, 2012) In UK, with the consumption of alcohol, the number of deaths caused is approximately 40,000. This proposal was introduced by David Cameron the Prime Minister of UK, after the raising concern in health crisis. A study indicates that planning a minimum price of 30p per unit would prevent 300 deaths a year, 40p about 1,000 deaths, and 50p more than 2,000 premature deaths. Forcing firms to charge a minimum price could be illegal under European law, says the Business Department (Winnett, R. and Mason, R., 2011) The main aim of this proposal is to eradicate the availability of cheap alcohol which will alongside terminate the consumption of alcohol in susceptible groups such as young drinkers or heavy drinkers who might be buyers of low worth products. This essay is an overview on the current situation as well as what alternative measures can be taken.

The minimum price for alcohol will affect all types ...

Read more


/2011/02/19/minimum-pricing-on-alcohol/ /blog/7130/economics/minimum-price-for-alcohol-pros-and-cons/ /economics-commentary-1/ /news/politics/david-cameron/8979765/david-cameron-plans-minimum-alcohol-price-in-england.html /news/press-releases/minimum-alcohol-pricing-will-hurt-the-poor 000 1 14th 15th 16th 18th 2 2008 2011 2012 2013 3 300 30p 4 40 40p 5 50p 6 7 aberdeen access accur achiev action adam address adequ advantag affect aim alcohol alongsid also altern among answer approxim aspect assess attempt avail avoid bad becom benefit beverag bibliographi bill black boost bring budget built busi buyer call cameron cannot casualti caus certain chang charg cheap come compani compar competit con concern conclus condit consid consum consumpt contain control correct cost could countri creat crime crisi critic current cut danger david death decreas demand depart depend determin diagram direct discuss drinker due earner econom effect effort elast elsewher emphas endors enforc engag england enter equal equilibrium erad especi essay establish estim european evalu evangel even evid exact excess exercis expand expect explain fall figur final firm first fix focus forc framework gain generat given govern greater group grow harm health heavi high higher howev hurt illeg illicit illustr impact implement implic import incom increas indic inelast inflict initi institut intak introduc introduct issu join label larg law lead less lesser like live long loss low lower ludbrook main major make mani margin market mason may measur method might minim minimum minist minor model moder mpb msb much nevertheless new newli news nonetheless noteworthi novemb number occur opposit order other overview p1 p2 per percentag period perspect petting place plan polici poor poorer posit possibl predict prematur present prevent price prime privat problem producer/supplier producers/suppliers product progress propaganda propos pros provid punish push quantiti r radic rais rate recent record reduc reflect regard regulatori relat relationship report research respons return riski run say scenario scheme scotland scottish second sell serious set sheffield shown situat smith social societi sold spend stagnant standard state stay studi superior suppli supplier surplus suscept take taken taxat tend tens termin theoret therefor though time togeth top toward trade type u.k uk unit univers upon usag use violenc way weight welfar well well-built whole winnett worth would writer www year young younger