’Frozen’ is a more dramatic way of saying that there was no further increase on wine duty in the Chancellor’s final Budget before the Election. There was a little drop for spirits, cider and beer. It’s the first time in many years that there’s been no rise, so we should be grateful for small mercies.
The chart also tracks the exchange rate between Sterling and the weakening Euro. So, with wine duty as it was and the pound strengthening, some good news for UK wine buyers.