Hard Brexit heads for the wine market

British Prime Minister Teresa May’s announcement yesterday that the UK is heading for a ‘hard’ Brexit – with no automatic access to the European single market – surprised nobody. But it provided a lot of food for thought to members of the wine industry, and not just in the British Isles.

Mike Veseth, the ‘Wine Economist’ had already written a blog post in which he predicted a rise in Britain’s already painfully high excise duty rates to help the government fund a weaker economy, as well as to pay for the 30,000 new government employees who’ll be taking on the work currently performed in Brussels.

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