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15th October 2016
07:29pm BST

"The bad news is the cost of wine has gone up. "Back in the good ole days of early 2016, we lowered our prices when exchange rates were in our favour. "Since then the pound has steadily plummeted and duty has gone up (again) meaning the cost of wine has crept up. "You might not be aware of this going on, but I've seen letters from U.K. Buyers to their winemakers demanding discounts to make up for their Brexit currency hit. "We're not the type of business to start a war with suppliers over price. "Not are we ever going to compromise on quality to hit our margins. So in November we'll be increasing the prices on half of our wines by around 5%. "https://twitter.com/NatashaC/status/786903123642253312 But that's not even the worse case scenario. “Sterling’s 15% drop against the euro means the cost of importing wine has gone up by £413m," drinks industry analyst Rosie Davenport told The Mirror. “Some retailers have been told European wine prices could soar by as much as 30%.” The paper says your £5 bottle of red could soon cost £6.50 and your £10 bottle may rise to £13. If there is one silver lining to all of this, it's that the British wine industry could flourish, according to the Telegraph. Winemakers are churning out 5 million bottles a year and a devaluation of the pound could mean a boost for people exporting their wine to non-EU markets like America. We could all be drinking a lot more British wine in the future if European wine prices keep rising. Good news, eh! Well, unless you've tried many British wines, that is. Catch up with the latest episode of Football Friday Live