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More and weaker drinks less. at the same time, alcohol duties rise, with inflation up by 10.1%. the result? a complex series of changes. 12% sparkling wine will be $0.19 cheaper as higher rates for fizz are abolished. a can of pre mixed gin and tonic will be $0.05 cheaper, but a bottle of 12%. still, wine will rise $0.44, a bottle of vodka up $0.76 and a bottle of 20% port at £1.30. so among drinkers, there will be some winners and losers. but the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. we have the biggest duty increase in almost 50 years, at the same time as we have inflation rife and a cost of living crisis. on top of that, we have raw materials like glass that are increasing ....
Are of a certain age, you are a couple of years older than me, we may remember 15 years ago when we used to have tracker mortgage that was below the bank of england base rate. i can remember having a tracker mortgage at 0.76 below the bank of england base rate. if the bank could afford it then, i m sure they can afford it now. the banks, i think, are making an awful lot of money at the moment, their profits are huge. another caller said converting to interest only, i think lenders should be more agreeable to that because the point is, if you apply for an interest only mortgage to date with another lender from who you are with now, you can get it. but if you go to your own lender and say, look, i m sorry, istarted ....
Have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let s start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it s a similar story with cooking oil. before the pandemic, a pound of soybean oil was trading at around $0.29. after the war began, that shot up to nearly $0.76, so more than doubled. and now it s settled somewhere in between at around $0.55 a pound. still, 90% more than before the pandemic. ....
And, you know, we don t have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let s start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it s a similar story with cooking oil. before the pandemic, a pound of soybean oil was trading at around $0.29. after the war began, that shot up to nearly $0.76, so more than doubled. and now it s settled somewhere in between at around $0.55 a pound. still, 90% more than before the pandemic. much of those costs follow the same ....
And we have an agreed kind of profit margin for them on top of their raw material costs and their operating costs. so we know exactly what s going on there. and, you know, we don t have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let s start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it s a similar story with cooking oil. before the pandemic, a pound of soybean oil was trading at around $0.29. after the war began, that shot up to nearly $0.76, ....