As the latest Wine Drinkers UK communique suggests, taxing alcohol is set to cost the wine industry an estimated £300 million and push up prices for UK consumers, without bringing any significant boost to Treasury funds.
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The Board of Directors of the Wine and Spirit Trade Association has announced a new chair, Mark Riley of Edrington UK. He will be supported by Pierpaolo Petrassi MW from Waitrose in a new position as deputy chair.
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The past two years have been tough for everyone and Britain’s gin distillers are no exception. The various lockdowns and general uncertainty hit the industry hard and, while retailers and direct sales helped alleviate the shortfall, “the on-trade could never be replaced by home consumption”, according to Nick Cook, director-general of the Gin Guild.
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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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Vinitaly International Academy, the educational arm of the Verona show which aims to showcase the breath and diversity of the Italian peninsula, is launching a brand new focus in the UK.
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The UK has signed a far-reaching trade deal with New Zealand to remove trade barriers on many UK goods and services and provide new opportunities for British businesses.
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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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The UK trade has expressed its outrage that ProWein has changed its date to clash with the London Wine Fair (LWF) in 2022 – while also expressing deep sympathy for the LWF which is due to return in physical form for the first time in two years.
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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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Calls for the drinks trade to voice its concerns over the government’s alcohol duty review have ramped up as the consultation period nears its close on 30 January, potentially adding a £220 million additional tax burden on wine.
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The UK and Australia have reached an historic agreement on trade, in a move that has been welcomed by the WSTA.
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New Government legislation will mean an additional 13% price increase overnight added to every bottle of fortified wine entering the country come January of next year, according to Steve Moody, chairman of Fells, which counts the Ports of Symington Family Estates, Blandy’s Madeira and Barbadillo sherries in its portfolio.
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A consortium of businesses has called upon the governments of the US and UK to remove all tariffs affecting the transatlantic whisky trade.
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With Christmas almost upon us, the WSTA has called upon the UK government to take urgent action over HGV driver shortages and freight disruption to avoid “supply chain chaos” in December 2021 and beyond.
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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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The Drinks Trust has launched a new survey for 2021, which is seeking to establish how members of the hospitality and drinks industry are feeling in the wake of the Covid pandemic.
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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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The Wine and Spirit Trade Association (WSTA) has welcomed news of a potential Free Trade Agreement (FTA) with New Zealand, which could lead to the removal of all tariffs on goods between the two countries.
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The WSTA summit highlighted how the potential for blockchain and other digital supply chain technologies are quickly taking off at pace for wine. But given its energy-guzzling reputation, is this solution sustainable? Jo Gilbert reports.
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The Wine and Spirit Trade Association (WSTA) is again calling on the Government to freeze alcohol duty as consumers face record high prices over the festive period.
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