Published: 09 August, 2023
Economic depression tends to lead consumers to splash out on little luxuries. This is the idea behind the ‘lipstick effect’, coined by Estée Lauder’s Leonard Lauder to describe the rocketing rise of lipsticks in 2008, post the 9/11 attacks in New York and while global markets teetered on the brink of financial meltdown. By extension – and with the cost of living and wage stagnation pushing prices higher – alcohol still seems to fall within a comparatively ‘affordable luxury’ bracket.
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Published: 04 August, 2023
So, the deadline has come and gone – and despite an avalanche of criticism, including a letter sent by Hennings Wine owner Matt Hennings to his local MP in June, begging the government to wake up and smell the bonfire, the trade is now facing increases to the tune of 20% or 44p per 75cl bottle.
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With swingeing duty rises about to hit the trade, Hallgarten & Novum Wines’ MD Andrew Bewes looks beyond the headline cost and turns his attention to the challenges operators face when implementing the increase at ground level.
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Published: 31 March, 2023
Confirmation that the UK has signed up to the Asia-Pacific trade pact will open new markets down the line for some in the drinks trade, but will offer little sustenance in the short term.
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Published: 14 March, 2023
Industry heads are warning that wine drinkers could face rocketing prices if the chancellor goes ahead with a double-pronged tax hike, likely to be announced at tomorrow’s Spring Budget.
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Published: 14 October, 2022
WineGB has criticised the set up of the government’s duty relief scheme which effectively denies small wine producers support.
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The WSTA struck a note somewhere between optimism and realism at the opening briefing of this year’s London Wine Fair, calling for “resilience and resistance” in order to manifest a more fully formed recovery of the wine and spirit trade post-Covid.
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Published: 22 March, 2022
The Wine and Spirit Trade Association (WSTA) has convened a meeting of MPs and Lords to hear first-hand from British businesses how the ‘punishing’ proposals for duty reform from three to 27 tax bands will negatively impact the drinks industry and consumers.
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Published: 07 March, 2022
James Bayley dives into ‘quintuple shock’ looming on the horizon in April, as businesses call for more ongoing support to boost recovery.
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Published: 04 March, 2022
With the wine trade potentially facing a damaging new duty regime, Andrew Catchpole convened a panel at Wine Paris to ask: “Will the proposed new excise duties in the UK make wine unaffordable?”
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Published: 17 February, 2022
The Wine and Spirit APPG has published its SME Inquiry Report on the government’s ‘illogical and unfair’ reform to alcohol duty.
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Published: 28 January, 2022
The upcoming Wine Paris & Vinexpo Paris trade symposiums will host an Agile Media sponsored event, brining together key stakeholders in the trade to debate the impact of the government's proposed changes to the duty system.
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Published: 27 January, 2022
A member of the Amazon Prime series Three Drinkers has condemned Rishi Sunak’s proposed changes to the duty system as “punishing female consumers”, highlighting that wine is the most popular alcoholic drink among women in the UK.
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Published: 26 January, 2022
With just four days to go before the 30 January consultation deadline on the UK Government’s proposed changes to the way excise duty on alcohol is calculated, the last chance to be heard is fast closing in.
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Published: 24 January, 2022
Australian wine producers have joined forces with Wine Drinkers UK, a collection of leading wine lovers, makers and sellers, to lobby the Chancellor to rethink his proposed alcohol duty reform.
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Published: 21 January, 2022
Accolade Wines is the latest major wine company to join calls urging the government to take stock of its alcohol duty review.
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Published: 14 January, 2022
With time fast ticking, Liberty Wines director of insights & business development, Alex Linsley, shares his company’s deep concerns around the government alcohol duty review, which is under consultation until 30 January 2022.
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Published: 17 December, 2021
Liberty Wines has joined a growing roster of UK drinks companies in voicing its concerns around the upcoming government alcohol duty review, which is under consultation until 30 January 2022.
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Published: 15 November, 2021
Now the dust has settled and the Chancellor has published proposals to change the UK alcohol taxation system, Miles Beale, chief executive of the Wine & Spirit Trade Association, picks apart the pros and cons of the suggested model.
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Published: 28 October, 2021
Chancellor Rishi Sunak revealed plans to simplify the current alcohol duty regime during yesterday’s Budget, when it was revealed that the Treasury would be adopting a new principle of “the stronger the drink, the higher the rate”.
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