Tag Archives: Matthew Jukes

We need to talk about Brexit

Will be all be drinking Australian wine? 

While we remain in the EU customs union, European wine is sold in the UK without paying import duty. If we leave the customs union, duty will be payable; how much depends on the deal agreed between the EU and the UK. At the present rate of progress, there seems a good chance that no such a deal will be agreed, so if we leave the customs union we would revert to World Trade Organisation tariffs, currently 32%. Combine that with the predicted fall in the value of the pound and we may find ourselves paying half as much again for European wines as we do now. Continue reading We need to talk about Brexit