Brexit pushes wine price to all time high

 
 
 

Britain may still be bracing itself for the full effects of Brexit to be realised, but the price per bottle of wine is already at an all time high, thanks to us preparing to leave the European Union, says an article in the Birmingham Mail.

The price of wine is likely to go up even further, says the Wine and Spirit Trade Association (WSTA). The average price per bottle has jumped from £5.50 to £5.56, and the continuous devaluing of the pound and therefore increased costs of export, means that prices are likely to increase even more so over the coming months.

The WSTA suggests that the price per bottle could increase by as much as 29p. This is primarily due to the fact that 99% of the wine that we drink is imported from countries both in Europe and beyond.

WSTA chief executive Miles Beale said: "Last year the WSTA predicted that Brexit and the fall in the value of the pound, compounded by rising inflation, would force the UK wine industry to up their prices.

This all makes for fairly gloomy reading although here at Vine Lives, we love drinking British wines too. Look out for future blogs about some of our emerging UK owned vineyards and please let us know about any of your favourite British wines!

(Source: birminghammail.co.uk/news)