Brexit
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- February 03, 2017
British Prime Minister Teresa May’s announcement yesterday that the UK is heading for a ‘hard’ Brexit – with no automatic access to the European single market – surprised nobody. But it provided a lot of food for thought to members of the wine industry, and not just in the British Isles. Mike Veseth, the ‘Wine […]
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- January 25, 2017
Theresa May’s speech on the UK’s Brexit strategy filled in some blanks but left key questions unanswered for wine drinkers, workers, importers and retailers. Prime minister Theresa May confirmed this week that the UK was willing to sacrifice membership of the EU single market and customs union in order to secure greater control over immigration and […]
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- January 19, 2017
Champagne has seen its global growth trajectory dented after fewer people popped corks in the UK following the country’s EU referendum, show preliminary figures. – Global Champagne sales estimated at 306 million bottles in 2016, versus 312m in 2015 – Value of orders hits 4.5bn euros, down on 2015 but still second highest on record – Lower […]
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- October 21, 2016
Brexit means that it’s likely to become more expensive to drink wines from Europe in the UK, says the country’s leading wine trade body in the starkest warning so far from the industry. Consumers may soon have to pay an extra 29 pence on average for a bottle of wine from the European Union if […]
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- October 18, 2016
Naked Wines has warned its investor-consumers that prices will rise in the aftermath of Brexit, amid a weak sterling and growing unease Britain’s EU exit strategy. Naked Wines, which is owned by Majestic Wine, has said that it will raise prices by 5% on half of its range from next month. It blamed the weak […]
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- October 05, 2016
UK officials are planning to demand a share of the European Union’s 42,000 bottle wine cellar as part of Brexit talks, according to a report. British officials reportedly eye share of 42k bottle EU wine cellar Government to invoke Article 50 before end of March 2017 British prime minister Theresa May effectively fired the starting […]
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- September 02, 2016
Liv-ex’s Fine Wine 50 Index is up 19.3% so far in 2016. It tracks the price movements of the 10 most recent physical vintages of the five first growth Bordeaux châteaux. The index recorded its ninth highest monthly rise – 6.8% – following the UK’s Brexit vote. As prevously reported on Decanter.com, a drop in […]
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- August 19, 2016
Wine investment is likely to become more attractive in post-Brexit Britain, according to 27% of 101 wealth managers and independent financial advisors (IFAs) surveyed by Cult Wines. It said those advisors highlighted two main reasons for a possible rise in wine investment: the fall in the value of sterling greater demand diverse investment assets and […]
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- July 13, 2016
Growing numbers of the UK’s fine wine merchants are reporting a post-Brexit boost in demand, but they are also wary that the cost of replenishing their cellars with top wines from Europe could be significantly more expensive. Where is the demand coming from? It is predominantly fine wine lovers and also merchants overseas who are […]
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- July 05, 2016
Is there really anything else that we can write about this week? I am more heartbroken and frustrated than I can remember being. As a British person living in Europe, this was a result that I neither expected nor wanted. But it’s now almost a week on, and reality is setting in. And even for […]
