Spirits brands hike prices by upto 16% and blame Brexit for increasing their supply-side costs
Drink loving Brexiteers may have cause to reconsider their enthusiasm for Britain leaving the EU.
Since last year’s referendum, the price of vodka has risen 5% on average whilst gin is up 3%. Bombay Sapphire has hiked its price by 16% to £24.20 for a litre bottle according to The Grocer and many other brands have followed suit.
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Worldwide co-leader in the wine and spirits sector Pernod Ricard blamed the increases on supply-side costs rising due to Brexit whilst The Wine and Spirit Trading Association added that the Chancellor, Philip Hammond, has added to the industry’s woes and created “a tough trading environment”.
Readers have their say
11 comments
Crooked drinks companies bosses are telling you porkie pies lies!!!!!!!!!!!!!!! Fake news!!!!!!!!!!!!!!!!!!!!!! Lies!!!!!!!!!!!!!!!! Fake news alert!!!!!!!!!!!!!!!!!! Lock them up!!!!!!!!!!!!! Lock these liars up!!!!!!!!!!!!!!!! Deport them!!!!!!!!!!!!!!!!!!!!
Can someone please drown Theresa May and Jeremy Corbyn in a vat of Bombay Sapphire? I don’t like that gin anyway. I like Hendricks.
I agree with Rod. These companies are using Brexit as an excuse to increase prices.
More REMOANING bullshit! Get over yourselves losers!
I voted LEAVE and now am regretting it. This makes me regret it even more.
Ouch. This is very bad news.
Mrs May hasn’t a clue what she’s doing. Perhaps she’s had a bit too much gin herself.
It’s enough to drive you to drink.
What next? The vicar’s daughter will likely impose prohibition. God bless Great Britain.
I dont know why anyone would call this fake news. Its simple economics, the pond has dropped, therefore any company purchasing ingredients from abroad is paying more for them, once their previous stock run out they have cost increase. They are mearly passing that on to the customers.
I guess some people don’t like the responsibility that comes with their decision making….
Glug