Exchange Rates: Wines

HM Treasury written question – answered at on 17 November 2016.

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Photo of Tim Loughton Tim Loughton Conservative, East Worthing and Shoreham

To ask Mr Chancellor of the Exchequer, what assessment the Government has made of the effect of the relative devaluation of the pound on the UK's wine industry.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

HM Treasury has not made an assessment on the effect of a relative devaluation of the pound on the UK’s wine industry.

However, HM Treasury engages with a wide variety of organisations, including the Wine and Spirits Trade Association to understand developments in the wine market.

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