Emphasis has been put on importers over the past week or so, as experts warn that the 'cushioning' of forward foreign currency buying ahead of the Brexit vote is about to run out.
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The cost of an average bottle of wine in the UK could go up by 29p as a result of Brexit, the WSTA has warned.
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The Bank of England warned of inflation rising beyond 2% on 14 October adding further concern to independent wine merchants who have already been forced to pass on price increases from suppliers to customers
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As Brexit and the drop in the value of the pound takes it's toll on Tesco, what's next for retailers?
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Along with the monarchy, Aston Martin, the British sense of humour - and some would say, Downton Abbey - our drinks industry has helped to put Britain on the map and strengthen its image around the world.
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At last week's WSTA conference, CEO Mile Beale announced the association is already starting to lay the groundwork for post-Brexit trade agreements by entering into discussions with counterparts in Australia and New Zealand.
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Life after the referendum may not be as bad for the hospitality business as some feared
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Brexit was at the heart of informative discussions at two leading institutions in London yesterday, at the WSTA's annual conference and Ipsos Mori's panel discussion featuring former Deputy Prime Minister, Nick Clegg.
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Berry Bros. & Rudd MD Dan Jago will lead the WSTA through a tumultuous period in British politics and history and the association prepares to make Brexit its focus over the next two years.
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The Wine and Spirit Trade Association (WSTA) has begun talks with its Australian and New Zealand counterparts about how to ensure the UK remains the beating heart of global drinks industry.
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Food and drink companies in England and Wales have raised their growth forecasts and plan to create more than 75,000 new jobs over the next five years, despite uncertainty created by the EU Referendum vote.
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Sales of wine and RTDs could be the worst affected categories if trade agreements collapse following a UK exit from the EU.
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According to the most recent figures from Coffer Peach Business Tracker the resilience of consumer spending in causal on-trade outlets seems to be mixed across the UK.
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The Office of National Statistics most recent figures released yesterday, saw inflation rise to its highest level in nearly two years to 0.6%.
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Over one in four wealth managers and independent financial advisors expect appetite for wine investing to increase over the next 12 months as the impact of Brexit drives fuels greater demand among investors.
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According to new figures released this week from the British Retail Consortium, UK retail sales have increased despite the fear that Brexit had consumers cutting back.
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The Wine and Spirit Trade Association (WSTA) has pledged to advise, support and protect smaller producers through the current period of economic and political uncertainty.
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Miles Beale, the chief executive of the Wine and Spirits Trade Association, reminds us while opportunities and challenges lay ahead following the Brexit vote "this is not a time for knee-jerk reactions", but "it is also not a time to be left standing still either."
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Brexit could lead to 'hazy' grape traceability and dangerous practices thanks to a squeezed industry post brexit.
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The former Minister for Trade and Minister for Europe, Lord Francis Maude, will be the keynote speaker at this year's WSTA Annual Conference, which will take 'Brexit and the changing shape of the industry' as its theme.
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