Wine prices set to fall as NZ deal moves closer

CHEAPER wine and honey could be on the way after officials last night boasted of ‘good progress’ being made in efforts to secure a free trade deal with New Zealand.

A post-Brexit accord could see prices cut on popular New Zealand wines, which currently face tariffs of up to 20p a bottle.

The price of apples and Manuka honey could also be slashed. More than £42million of the fruit and £32 million of honey were imported last year, despite tariffs of 8 per cent and 16 per cent respectively.

Trade Secretary Liz Truss said: ‘We are both big fans of each other’s high-quality products, so this could be a huge boost that allows British shoppers to enjoy lower prices and British exports to be even more competitive.’