WSTA calls for government help for wine industry

Chris Losh

Chris Losh

12 December 2016

 

The Wine and Spirit Trade Association has issued a plea for political support, to help the industry negotiate a series of economic storms.

The organisation claims that the combination of Brexit and duty rises have cost the UK wine industry over £500m in the last year.

According to the WSTA's chief executive, Miles Beale, duty rises in the year to March 2016 had cost the industry £139m, while currency devaluation as a result of the falling pound following the Brexit referendum had had an adverse £400m impact.

According to the WSTA, the wine industry is responsible for 270,000 jobs and £17.3bn worth of economic activity.

'It has never been more important to remind MPs and Ministers of the devastating impact on jobs and the economy if the UK wine industry is not supported,' said Beale.

 

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