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Major prices hikes for wine drinkers, as VAT rises to 20% for the industry

Published:  01 April, 2022

In a sector facing soaring costs and plummeting consumer confidence, today’s increase in VAT gives operators a tough decision to make on price rises.

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Less choice and higher prices from new import checks, says Daniel Lambert

Published:  01 April, 2022

Yesterday, the cross-party, cross-business UK Trade and Business Commission heard that post-Brexit import checks would create less choice and higher prices for UK wine consumers.

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Vins de Provence rosés: sales rise by 9% in 2021

Published:  28 March, 2022

After a 6% drop in 2020, winery sales bounced back by 9% last year, according to data released by the Provence Wine Council (CIVP). The recovery is mainly due to good export figures, fuelled by booming European markets, and increased sales in channels such as wine merchants and hospitality outlets.

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UK removes ‘retaliatory’ tariffs on American whiskeys

Published:  24 March, 2022

The Bourbon Alliance and its members have welcomed the announcement of a resolution to a trade dispute, which resulted in destructive tariffs on American Whiskeys. 

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The trade reacts to the government’s VAT increase

Published:  24 March, 2022

Today, the government has officially returned the VAT rate for the hospitality and tourism industry to 20% (24 March).

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Calls to review ‘punishing’ tax regime aired in Parliament

Published:  22 March, 2022

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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Champagne's Supernova

Published:  17 March, 2022

While there was little to celebrate in 2020, Champagne was back with a bang last year, which seemed to take everyone – including the Champenois – by surprise. 

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Virgin Wines subscription sales grows 23% in H1 2022

Published:  15 March, 2022

Virgin Wines, one of the UK’s largest direct to consumer online wine retailers, announced its interim results for the six months ended 31 December 2021.

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Hospitality sales above pre-pandemic levels, but cost of living looms large

Published:  14 March, 2022

Britain’s managed restaurant, pub and bar groups raised sales above pre-pandemic levels in February, thanks mainly to the removal of Covid-19 restrictions. Still, high inflation continues to make real-terms growth challenging.

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How the rising cost of living will impact consumer attitudes to drinking

Published:  11 March, 2022

As the cost of living increases, consumers are looking to reduce spending, and recreational drinking could bear the brunt.

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On-trade calls for hold on VAT rise

Published:  11 March, 2022

In April, the VAT on hospitality sector purchases will return to the pre-pandemic rate of 20%. The increase follows two years of reduced rates for the industry; in July 2020, rates were reduced to 5% before rising to 12.5% in October last year.

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Concha y Toro celebrates B Corp status with social media campaign

Published:  02 March, 2022

Concha y Toro, the UK’s second-largest wine company by retail sales, will mark B Corp month with a wide-ranging social media campaign.

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London hospitality struggling the most post-covid

Published:  01 March, 2022

Hospitality sectors in major British cities including Bristol and Manchester are recovering their vibrancy as Covid restrictions wind down, according to new research.

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New Zealand trade deal could mean cheaper wine for UK shoppers

Published:  01 March, 2022

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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Northern Ireland retailers welcome business rates announcement

Published:  17 February, 2022

Independent retailers in Northern Ireland have cautiously welcomed the announcement that non-domestic rates are to be frozen for the next financial year and that businesses will still receive a three-month rates holiday.

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SMEs hit back over government’s proposals to overhaul alcohol taxation

Published:  17 February, 2022

The Wine and Spirit APPG has published its SME Inquiry Report on the government’s ‘illogical and unfair’ reform to alcohol duty. 

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Pernod Ricard celebrates record breaking sales in first half of fiscal year

Published:  10 February, 2022

Multinational Pernod Ricard has posted record turnover from sales during the first half of the fiscal year (beginning July 2021), earning global revenues of €5,959m, with an organic growth of +17%.

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Broadcaster Helena Nicklin slams alcohol duty hikes as sexist

Published:  27 January, 2022

A member of the Amazon Prime series Three Drinkers has condemned Rishi Sunak’s proposed changes to the duty system as “punishing female consumers”, highlighting that wine is the most popular alcoholic drink among women in the UK.

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Duty amends will “wipe out the benefits” of non-EU trade deals – make your voice heard

Published:  21 January, 2022

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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Time to act as alcohol duty review consultation deadline looms

Published:  18 January, 2022

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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