Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
Share the love...

Hung parliament: How UK election result may impact wine trade

Britain’s general election has broadened the Brexit debate, which introduced more uncertainties. One of many uncertainties is whether Brexit is going to affect wine trade in UK. The uncertainty of wine trade has its solid ground of arguments: nearly 90 percent of wine in Britain is imported and around 55 percent is from EU. It’s already speculated that the price for Bordeaus en primeur has already increased from 10 to 15 percent in 2016. Many wine merchants would try to protect themselves by heding, however, this technique is not efficient for wines that last longer than a year.

Key Takeaways:

  • Ninety percent of wine in Britain is imported and around 55% of that comes from the EU, show trade figures.
  • Average wine prices hit an all-time high at the start of 2017, reaching £5.56 per bottle, according to the WSTA.
  • A cocktail of weak sterling, inflation and duty tax rises have been to blame for this

“Average wine prices hit an all-time high at the start of 2017, reaching £5.56 per bottle, according to the WSTA. A cocktail of weak sterling, inflation and duty tax rises have been to blame for this, it has said.”

Read more: http://www.decanter.com/wine-news/hung-parliament-uk-election-result-may-impact-wine-trade-370571/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

follow me on:

Privacy Preference Center

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

Learn the tips and tricks recommended by a top buyer's agent in south west France

SW France Prime Property Buyer's Guide

Download our in-depth FREE SW France Prime Property Buyer's Guide .