Major New World exporters to the UK could bring pressure to bear on the UK Government over duty rises on wine as part of negotiations over future free trade agreements.
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The wine industry is being warned to prepare for today’s rise in duty, which will push up a bottle of still wine by 7p to £2.23 overnight.
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A change to legislation in the 2018 Budget policy document could have a significant impact on products made from concentrate in the UK, including British made wine, low abv wines, RTDs, sherry-style drinks and flavoured ciders – anything which is diluted after fermentation.
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Pub landlords and spirits importers will be breathing a sigh of relief this morning, but not the nation’s wine trade – which is looking at an extra £90 million bill in duty next year.
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Investing in Britain’s future was one of the anthems that ran through Philip Hammond’s autumn Budget speech this afternoon.
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Winemakers in England and Wales have banded together to try and convince the government to rethink plans for a duty hike that could hamper exports and stifle growth.
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Scotch whisky producers have marked today as ‘Duty Paid Day.’
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Brexit is the “most significant” short-term challenge facing the wine sector, Miles Beale, chief executive of the Wine & Spirit Trade Association (WSTA) told delegates at its conference yesterday (18 September).
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The Scotch Whisky Association (SWA) has called on the UK government to support the industry at home through a continued duty freeze in the Autumn Budget.
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Conviviality chairman David Adams, who today stepped into the position of executive chairman following Diana Hunter’s resignation yesterday, has set out to reassure the industry of the company's future.
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Britain has been revealed as the fourth most expensive country in Europe when it comes to alcohol.
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Duty on wines, spirits and beers is to be frozen, Chancellor Philip Hammond announced in today’s budget, allaying trade fears of another rise in line with inflation.
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Philip Hammond is being labelled a “scrooge” after it was revealed he will be one of the worst Chancellors to tax the wine and spirit sector if he pursues the planned increase in the Budget tomorrow (Wednesday, 22 November).
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Budget speak explained by the WSTA
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Trade associations have called on Chancellor Philip Hammond not to increase duty rates for the second time in a year.
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Just one in 10 of the British public believe that increased taxes on alcohol goes towards helping people who misuse alcohol, according to new research by Drinkers’ Voice released today.
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The Wine & Spirit Trade Association (WSTA) has warned of further wine and spirit price hikes if the Chancellor fails to freeze duty in the November Budget.
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Scotch whisky sales fell by one million bottles in the first half of 2017 in the UK following the hiked spirits tax in the March budget.
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Sales of spirits brought more money to the Treasury than beer for the first time ever, according to the latest HMRC figures released this morning.
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When we wake up on June 9th we will have a new parliament and a new Government, probably one that will last for the next five years.
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