Whether the British Government was misguided to Drop its Proposal for a Minimum Unit Price for Alcohol

Whether the British Government was misguided to Drop its Proposal for a Minimum Unit Price for Alcohol

Introduction

In the current scenario in the United Kingdom the demand of the alcohol is still raised as there is a rise of taxes upon the consumption of alcohol. The discount and special offers attracted the consumers to increase the demand of alcohol in the United Kingdom. However the supply of alcohol is cheap as the heavy users of alcohol increases the supply in the United Kingdom. The cheap alcohol had been consumed by the youngsters as they got less amount to spent (Health first, 2013, pp.17). If the government would stop the supply of alcohol the result would be thousands of lives would be saved, the crimes would be cut off and the absenteeism rate would be less in the corporate world. However in Canada and other states the decline in alcohol prices would result in the decline in the consumption of alcohol among the consumers. The price reduction in alcohol reduces the consumption among the citizens of the state as they found out that minimum price is the promising strategy as to reduce the consumption of alcohol among the citizens (Stockwell, 2012, pp.102). In this regard the British government was not misguided to drop the proposal for a minimum unit price for alcohol in United Kingdom.

Discussion

Whether the British Government was Misguided to Drop its Proposal for a Minimum Unit Price for Alcohol

The British government was not misguided to drop the proposal as there were negative effects of decline prices of alcohol among the citizens. The consumption of alcohol had a great impact upon the consumers and the economic growth of the country. In United Kingdom there are numerous alcohol consumers. The British government had incorporated proposal regarding the minimum alcohol price planned in the countries such as England and Wales. The British Government was misguided to drop the proposal for a minimum unit price for alcohol (Minimum alcohol price planned for England and Wales, 2013, pp.1). Some of the countries had suggested on this proposal that there is a problem of court regarding the court challenges that the country would face while decreasing the prices of alcohol. Scottish parliament had also published the similar kind of proposal for the drop down in the price of alcohol in the states.

Economic Theories Regarding Demand, Supply and Elasticity

The alcohol obeys the laws of demand and supply in the United Kingdom as the elasticity of demand is changed among the consumers in different states. The ratio of price and consumptions is different among the states. In the countries that ration of high price and high consumptions is captured among the citizens regarding the elasticity of demand. When the price of the alcohol is low the consumption criteria would be different in the states. In the year 2003 these is a research study it suggests that the change in price of alcohol ...