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Chancellor delivers "hammer blow" to wine

 Tax on wine willl rise alongside inflation, meaning punters will pay 7p more per bottle in 2019.

 

“The Chancellor to increase wine rates significantly is a hammer blow to this great British industry,” said Miles Beale, chief executive of the Wine & Spirits Trade Association (WSTA).

“It actively undermines a sector that has been hardest hit since the Brexit Referendum and will be thoroughly unwelcome for the 33 million consumers of the nation’s most popular alcoholic drink.”

He said the price hike next year will “stifle growth of our flourishing English wine industry; and raise prices for consumers.”

Date Posted: 

Tuesday, October 30, 2018 - 14:15

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