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Following the end of the pandemic, the hospitality sector in the United Kingdom (UK) continues to face several challenges including a cost-of-living crisis and soaring inflation rates.
United Kingdom: Changes to UK Alcohol Tax Rates May Challenge US Exports of Some Alcoholic Beverages
Changes to UK alcohol tax rates were implemented on August 1, 2023. The UK government calls this an alcohol duty, but it is an excise tax charged at the point of production or importation of drinks of alcoholic strength exceeding 1.2 percent alcohol by volume (ABV) – the percentage of pure alcohol per liter of product.
The United Kingdom (UK) and member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed the agreement to join the CPTPP in July 2023.
Following the UK’s departure from the European Union, U.S. export health certificates are now required to either follow the Great Britain model health certificates (for destinations within England, Scotland, or Wales) or the European Union model health certificates if shipping to Northern Ireland.
The cost-of-living crisis dominates this report, highlighting the increased price of food faced by consumers in the UK.
MY 2022/23 has been overshadowed by the developments in Ukraine. However, high UK grain prices supported planting despite high input prices, especially for fertilizer and fuel.
MY 2022/23 has been overshadowed by the developments in Ukraine. However, a larger than forecast rapeseed harvest, following favorable growing conditions, avoided the UK being reliant on imported oilseeds, meals, and oils.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
The UK has a large, well-developed food processing industry, requiring a wide range of ingredients, from low-value, highly processed food to high-value, lightly processed ingredients. This provides many opportunities for U.S. exporters, including wellness and health products.
Following the UK’s departure from the European Union (EU), Great Britain (GB) is now outside of the EU single market and customs union, while Northern Ireland (NI) remains within the EU single market and customs union. Currently, rules in GB closely mirror EU law.
In 2023, the cost-of-living crisis will replace COVID as the key challenge to the UK food and drink sector. Prices have increased at the fastest rate in 40 years, as the war in Ukraine, supply chain issues, and increases in energy prices make an impact.
Since January 1, 2021, the UK has been responsible for authorizing products of genetic engineering (GE) using retained EU law. Eight GE crops are currently out for public consultation as part of the second tranche of approvals under the new UK...