Bad news for cash-strapped boozers as the prices of drinks is set to take a hike from February after Reeves' brutal Budget, with a bottle of whisky planned to increase by 50p View 3 Images Gin 37.5% abv, 70cl, will see a hike of £0.47 from £19 to £19.47 (Image: Getty Images)

Rachel Reeves plans to hike alcohol duty by 4.5% from February 1 – but how will it affect your favourite booze? Last year, hardworking Brits already saw a 3.6% increase in duty on their drinks, but the Chancellor isn't done yet. While industry leaders are urging the government to freeze duty, Reeves has other ideas for the November 26 Budget . ‌

A 75cl bottle of red wine, 13.5% abv, costs £8.50 and is set to rise by £0.16 to £8.66 from February 1. White wine, 11% abv, will rise from £8.25 to £8.38.

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