UK Budget 2017: Wine duty rise means ‘triple whammy’ price increases – trade

UK Budget 2017: Wine duty rise means ‘triple whammy’ price increases – trade

Wine duty is to rise in-line with inflation, disappointing trade leaders who already warned that consumers will have to pay more per bottle due to the weak pound sterling.

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The Chancellor Of The Exchequer Phillip Hammond leaves Downing Street to present the 2017 Budget. Credit: Getty/Dan Kitwood / Staff

UK Budget 2017: Wine duty to increase despite trade efforts

UK Chancellor of the Exchequer, Phillip Hammond, announced that duty on wine will increase in line with inflation, disappointing those in the trade campaigning for it to be cut.

The Wine & Spirit Trade Association (WSTA) had asked for a 2% cut, warning that retail wine prices would have to rise due to a prolonged weak sterling in the months since the Brexit vote. Ninety percent of wine in Britain is imported.

 

Read more at UK Budget 2017: Wine duty rise means ‘triple whammy’ price increases – trade

 

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