Brexit means wine prices will rise, warns trade body

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 cost increases are passed on, the Wine & Spirit Trade Association (WSTA) warned. Importers, merchants and retailers are starting to see profits squeezed by the weak pound sterling, which has stayed fragile following the Brexit vote on 23 June, it said. The weak pound might also mean price rises on some other wines from outside the EU, it said. Read more at Brexit means wine prices will rise, warns trade body