Talking Wine – January 2017
Our UK based suppliers have been very quick to pass on ‘interim price increases’ to us in the wake of the Brexit inspired exchange rate issues and of course anything we have shipped since May will have cost us considerably more by the time we have paid the bills. This will undoubtedly force up prices although we have absorbed almost everything so far and have yet to pass on any price increases to our customers. Interestingly I note that these suppliers were not so quick to reduce prices when they enjoyed the much better rates than anticipated pre Brexit. As the ratio creeps back up (as I write it is 1.18 euros to the pound) I wonder if there will be a reversal of the interim increase? I don’t think I need to spell out the answer! Of course the majority of faster moving lines are shipped in directly and I won’t pretend that it hasn’t hurt a little – but we keep smiling!