UK: Consumers cutting spend on wine - research
Consumers in the UK are cutting their spend on wine as one of the worst recessions for decades tightens household purse strings, new research shows.
A third of regular wine drinkers surveyed by UK research agency Wine Intelligence said that they were spending less on wine because of the current economic climate.
The study, commissioned by the Wine & Spirit Trade Association (WSTA) and released today (13 March), questioned 1,000 consumers who drinks wine at least once per month.
WSTA chief executive Jeremy Beadles warned that consumers on lower budgets are "simply being priced out of the wine category". Nielsen figures, he said, show that sales wine priced under GBP4 (US$5.6) fell by 11% last year.
As well as lower spend, more than a quarter of those surveyed said that they were drinking at home more often, as opposed to in pubs are restaurants.
The Wine Intelligence survey will be used by the WSTA to exert more pressure on ministers over their planned tax increase on wine in next month's UK Budget announcement. Drinks trade bodies, including the WSTA, are due to meet chancellor Alistair Darling on Monday (16 March).
Tougher alcohol licensing laws have come into force in Scotland this week, as part of the ruling National Party's strategy to combat excess drinking and alcohol-related harm....
A forum on the market prospects for low alcohol wine is to be held for retailers and producers by the Wine & Spirit Trade Association in the UK....
The Wine and Spirit Trade Association (WSTA) has come out against the Government's planned mandatory code of practice for alcohol retailers....
The Wine & Spirits Trade Association (WSTA) has taken legal action to recover missing funds from its 2008 financial accounts....
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