It's a copy of the FT's AlphaVille segments on this topic. well worth a read - They've been getting information via freedom of information requests during the course of the year (in fact they should probably be cited as a source for this video as it's quite clearly the source!)
Its not a 'wine reserve'. Its how we ensure the French stay allies with us. Because IT WOULD BE A SHAME if something were to happen to all that wine, wouldn't it, monsieur...?
The UK and France are not exactly traditional allies, so why not buy top shelf wines from countries Britain actually likes such as Italy and Australia, while keeping the ordinary guzzling wine proudly British?
To be fair international relations is a decent reason, although id say it should be strictly for this. And the fact they make money is great to be honest.
Unironically, this. If someone told me that the government operated a multi million pound wine reserve, I could easily be swayed to consider that wasteful, yet this video did a great job providing context on not only the initial reasoning but also how the finances do make sense. Great reporting all around.
Before watching the video: "wow, this looks like a blatant example of government waste" After watching the video: "wow, this might be the most competently run department of the British state"
Kinda makes sense that the government takes on some fringe tasks that would not be cost effective or even profitable in the free market. I get that people always want to hate on the governments but sometimes not understanding something is normal for us normies and it's not always just an conspiracy or evil intend.
though in this case it is cost effective and even mildly profitible. Allows goverment departments acess to wine at a better than standard market rate, plus sells off wine as it ages to make a profit. It could be said that at this point the goverment never actually buys wine as it can use the reinvested funds from sales for it.
Classic example of "gate house problem", i.e., a number the average person can get their head around but is meaningless in overall context, but something that someone can bring up in a podcast to fake outrage.
If you asked me to name a nation that has a strategic wine reserve, I don’t think I’d name the UK. Figured you’d have a Greggs Sausage Roll reserve if anything
It reminds me of the story in the Onion about the fun times that ensued when the Federal Drug Administration brought some of the good stuff round to a party at the Bureau of Alcohol, Tobacco and Firearms.
Exactly, if you read Neville Shute's book On The Beach. As the radioactive clouds drift down to Australia, the old boys at a private members club decide, whilst waiting for the end to come, to drink the cellar empty of its vintage wines and ports
It's so fitting that the closest thing the British Government has to a sovereign wealth fund is a cellar of wines to be had by our politicians, monarchs and that of other countries. Real good investment for the British people.
@@goldenfiberwheat238 Long story, I suggest you search it up. But basically think of it as a bank account for a whole countries (normally used by eastern countries and Norway). This bank account is used to buy parts of companies in their own countries and companies in other countries, they also build properties all over the world and buy government bonds of other countries (give loans to countries), and all sorts of other good investments. Then the companies, buildings, loans, gives money back to the sovereign wealth fund when they make a profit, lease an office or house, etc. The countries then can use that money they got back to pay for things like military, police, firefighters, or more investments. Importantly, that money you get back from the investments can be used to reduce the amount people need to pay in taxes. Normally, the SWF's also buy parts of utility companies in their own country. But lord knows Margaret Thatcher wanted to make the rich richer so she sold them all, and now the UK Government doesn't have the money to buy back into these companies.🤣🤣🤣
@ it’s a long explanation. I suggest you look it up. But think about it like a bank account for countries. They use this bank account to buy a part of companies in their own countries as well as in other countries. They also use the money to build office building, malls, residential buildings in their own country as well as other countries. They can use it to buy government bonds of other countries (basically give loans to governments). They can use the whole bank account to make whatever investments they think is good basically. Now once a company gives back a profit, the profit goes into the bank account. Or if somebody leases an space in the mall, or an office, or a house. The profit goes back into the account. When the government pays the interest in the loan, the money goes back into the account. And the Country can use that extra money to invest in more opportunities, or they can use it to pay for the police, firefighters, road maintenance, etc. and that can help reduce the amount of taxes you pay. It’s normally used by eastern countries and Norway. That’s why they normally have like 20% tax at the maximum while in the UK you could pay I think 57% now because of the new National Income Contribution rate. UK could’ve started a SWF before the 1970s and it would’ve been the wealthiest in the world back then, but Margaret Thatcher sold everything the Government owned to make her rich friends richer.
This is the mind of stuff that TLDR should be doing rather than regurgitating daily news topics that are done better by others without adding anything to the topic.
"blody hell, the gov'ment have a whine cellar??", "We give the royals how blody much???"... Then you get the economists to crunch the numbers: it's all very financially sound and profitable 😂 It's interesting how the stupid sounding things a government does, often are the smarter things they do
Its almost like despite petty party politics, at a fundamental level on fundamental issues they are infact competent. But id put that much more down to the state than any specific government
@@tobos8909 oh? So the Windsor family should get the income of all the royal lands and not the exchequer? Tourism alone sustains the Royals. Which is why there's no real republican fraction in British politics. Yes, in the mind of democracy-absolutists, the money be damned, but in reality, that's not how a feasible platform for actual politicians
@tobos8909 they're a financial boost lol the crown estates generate about £500m a year and 88% of that goes to the treasury. Instead of whining about the royals who pay 88% tax let's go after the billionaires that pay 0% income tax
@@frankhaugen so maybe a single family shouldn't own that much land and nope, tourism caused by the continued existance of the royals doesn't pay for them.
Apparently the US keeps a strategic Cheese reserve as well, now that I know about our Wine Reserve, I understand why it is called the "Special relationship".
A Master of Wine is a professional title that has to be earned through accreditation. It's very hard to acquire, so the fact that 3 MWs are doing this for free for the British state is pretty good of them.
A lot of things we might consider strange for the government to be doing actually do benefit people, like this wine cellar. Other examples include the US government funding studies on the mating behavior of beetles (apparently resulting in benefits to pharmaceuticals, among other things) and the British royal family (they are a net profit to the UK, as their tourist attractions constitute a huge draw to the country)
The royals are only a net profit when monarchists invent new accounting standards. They claim they contribute as much £500 million a year I think. But this figure includes general tourism receipts, many of which are unrelated to the monarchy. Even when it comes to royal sites like Buckingham Palace and Windsor Castle , they would likely remain tourist attractions even without a royal family , as seen in countries like France. Another "creative" accounting approach they use is to include the revenues of the Crown Estate as a contribution by the Royals. This is especially absurd, given the profits of the Crown Estate have belonged to the tax payer since 1760. King George III put himself and the country into massive debt. Parliament generously agreed for the tax payer to bail him out in return for control of future profits of the Crown Estate. A rare piece of good business by politicians we might say. If we apply recognised standards of accounting to the Royals, they are very obviously a net loss.
@@matthewbazeley2984 I really don't care how much they cost, their diplomatic value is just about priceless. It's not fair and maybe not moral but by maintaining the myth of a family of people more important than everyone else, we gain an incredibly useful tool.
@@regarded9702 I'm sure you would agree that being born into royalty does not bestow any special diplomatic skills, so I struggle to see how they are they going to be better at negotiating than professional diplomats. I thought they played a ceremonial role and the real discussions were handled by politicians and civil service types. Perhaps you can point me to a meaningful act of diplomacy by the royals that couldn't of been achieved by an elected official?
Should be stocked with Commonwealth wines. Auction the foreign wines would use for the wines or share with the poor Brits. The Russian vodka is cleaning fluid!
If you're trying to make a lot of money from wine value appreciation, it's necessarily going to include a lot of French wine, since that's the most expensive and sought-after. If they stocked only commonwealth wines, they'd likely not be a self-funding department the way they are now.
Wouldn't it be easier to just have an approved seller for state functions, and then bottles can be bought in bulk? What about if the king has a state banquet? Does that come from his Sovereign Grant or from this same cellar? £40k is a very small proportion of overall UK state income, which is roughly £1.5trn. That's barely the salary of a teacher for the average state school. Wheether this is value for money is moot given the very small scale of the revenues it produces.
So just to be clear: the wine cellar makes enough profit to pay for itself _and_ to provide all the wine needed for international reception events? Did I get that right? Sounds great. A hobby for some members of government who like wine, which costs us nothing and provides us with something we need. It's awesome Now if I could just snag a couple of bottles of red for my own use, it'd be perfect
I don’t know whether to laugh and appreciate this light hearted nature of this, or be disgruntled at the fact that the government are only capable of running something profitable when it involves them getting pissed at the taxpayers expense.
If I was in office the government wine committee would be fired day 1 and replaced with a bloke to run to tesco. I don't need the government investing in anything except the country. Don't even care that they aren't paid.
For the same reason why the Challenger 2 Main Battle Tank has a Tea making boiling vessel. In wartimes, it adds dignity to what would otherwise be an ugly brawl...
As an entrepreneur running a big company, I will be boring and say that opportunity cost of this is higher. Renting out the whole wine cellar at Lancaster house on commercial terms would generate more money for the taxpayer. But it does carry some intangible value such as the wine from the government cellar is such a great entry line or conversation starter at a gov event to keep these international relationships going.
"A good example of this is building and maintaining roads" the government owns like 99% of the roads and yet they hire private companies to do this and let's be honest they aren't great at getting them repaired so let's not pretend that a private company couldn't do this as good or better.
Interesting video, since the UK needs a strategic reserve, or something akin to barter replaces the constant depreciation of the Pound Sterling for the highest inflation and debt for decades ? Perhaps a strategic reserve from the world's largest offshore energy infrastructure to store as hydrogen and lowered costs on living, working together for our energy security makes more sense? What credibility is left for a government to resort to a broken flesh market of capitalism to vintage wines, not least any viability of a functional liberal democracy either?🎉😂
The majority of wines mature fairly quickly and then deteriorate, but a few benefit from extended ageing. Your average supermarket - and even your average off-licence - will stock wines when they are at their best and therefore at their most expensive. They are not in the busioness of selling investments.
Honestly a really fun, lighthearted video was refreshing from the depressing news recently.
It's a lefty channel. These people are prime targets for fear mongering, hence why they are all europhiles lol.
news is always depressing. news will always be depressing. depressing news gets clicks.
It's a copy of the FT's AlphaVille segments on this topic. well worth a read - They've been getting information via freedom of information requests during the course of the year (in fact they should probably be cited as a source for this video as it's quite clearly the source!)
@@optisailorHKG1203ppllo kk koi ppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp😊p
The Strategic Wine Reserve is not a lighthearted matter. It's of the utmost strategic importance to the survival of our country.
Its not a 'wine reserve'. Its how we ensure the French stay allies with us. Because IT WOULD BE A SHAME if something were to happen to all that wine, wouldn't it, monsieur...?
😂😂😂😂😂😂
🤣🤣🤣🤣🤣
“Qui” 👨🎨🥖
The UK and France are not exactly traditional allies, so why not buy top shelf wines from countries Britain actually likes such as Italy and Australia, while keeping the ordinary guzzling wine proudly British?
@@Dave_Sisson We do get wines from Australia, Italy & Spain. So things are improving from a trade standpoint.
Huh, was expecting to roll my eyes, but now I'm actually heartened by a government department being run well
I was surprised something like this even exists.
@@juliusnovachrono4370 starmer will improve things
Unusually, the people involved actually give a crap about their department
So it has no budget, provides a service, and makes money ..... absolute bargain!
To be fair international relations is a decent reason, although id say it should be strictly for this. And the fact they make money is great to be honest.
All Brits keep a strategic wine reserve and regularly rotate stock for strategic reasons
This is exactly the kind of hard-hitting reporting that makes me value TLDR.
Unironically, this. If someone told me that the government operated a multi million pound wine reserve, I could easily be swayed to consider that wasteful, yet this video did a great job providing context on not only the initial reasoning but also how the finances do make sense.
Great reporting all around.
They're just regurgitating an FT article.
1. Apologises for incorrectly pronouncing foreign wine names
2. Proceed to incorrectly pronounce the name of an English wine
🤣🤣🤣
Yep, who knew that “Chapel” was such a difficult word to pronounce?
Bacchus is a german grape.
What did you expect?
@@PANTECHNICONRecordingstook me a few months to figure out the pronunciation Chappell in Chappell Roan so I guess I can’t blame them
@@dschanriihl9043 Brits have trouble pronouncing German names? Explains why the Royal Family change theirs to Windsor.
At 5:54 when he said "brew" instead of "brut"... for a split second I thought there was some very expensive beer in the reserve as well !
Before watching the video: "wow, this looks like a blatant example of government waste"
After watching the video: "wow, this might be the most competently run department of the British state"
Best tldr video pic of the year tbh
I do love when they make something silly
In Canada we have a strategic maple syrup reserve to make sure the market price for maple syrup remains stable (high).
I was thinking something similar about English wine. Government purchase to maintain profitable price for English vintners.
The US has a cheese one if I'm not mistaken.
@@hanneskarlbom6644 we do
1. Based WW2 shennanigas
2. I volunteer to try the Latour and let everyone know how it is
But surely you would need an entire cask to be certain, would you not?
The US has a massive cheese reserve, while the UK has a massive wine reserve. That sounds about right.
I figured someone must have beaten me to this comment. 1.4 billion lbs underneath Missouri.
US cheese? nobody wants that
@@andyf4292 It's a variety of all kinds. American, Cheddar, Swiss, ect.
and there is a secret underground highway connecting both cellars in case people want cheese with wine
Suddenly Partygate makes so much sense…
Less sense, if they had any sense they would have used this instead of going to the local Tesco…
bojo was trying to drink the reserve
@@andyf4292that would have been High treason!
1:52 "has continued to help foreign dignitaries get pissed" 😂 great line!
Half way in the video and I still can’t believe its not the 1st of april.
Kinda makes sense that the government takes on some fringe tasks that would not be cost effective or even profitable in the free market. I get that people always want to hate on the governments but sometimes not understanding something is normal for us normies and it's not always just an conspiracy or evil intend.
though in this case it is cost effective and even mildly profitible. Allows goverment departments acess to wine at a better than standard market rate, plus sells off wine as it ages to make a profit. It could be said that at this point the goverment never actually buys wine as it can use the reinvested funds from sales for it.
Classic example of "gate house problem", i.e., a number the average person can get their head around but is meaningless in overall context, but something that someone can bring up in a podcast to fake outrage.
I’m not outraged. I think it’s just interesting
That’s what people use for illegal immigration
Why is that called the gate house problem?
If you asked me to name a nation that has a strategic wine reserve, I don’t think I’d name the UK. Figured you’d have a Greggs Sausage Roll reserve if anything
That's kept in a secure location somewhere near Newcastle, alongside the national stottie cake reserves.
@ricequackers for centuries Geordies have guarded us from the Scots. Now they guard our sausage rolls. I wouldn't trust anyone else.
So the brits have a wine reserve, us Americans have a cheese reserve, does that mean the French have a PB & jealousy reserve?
ive tried pb and j.. id prefer famine
@@andyf4292 Then by all means, continue to enjoy your kidney pie.
Some chavvy member of parliament bought the Smirnoff and no one wanted it so they put in in the cellar in hopes it disappears.
as someone who can't stand wine this is one of your best videos. i have no idea why i found it so entertaining 😭
Genuinely more interesting than I thought it would be! Well done!
2:58 The Non-Dept Governmental Body sounds fun. Wine, Gambling, and the Environment in which to party.
It reminds me of the story in the Onion about the fun times that ensued when the Federal Drug Administration brought some of the good stuff round to a party at the Bureau of Alcohol, Tobacco and Firearms.
Not great when its the Environment Commision's turn to host though
Wine not?
😂😂😂😂😂
We make a wine reserve with all seized alcoholic assets in the us would still be more valuable than crypto
The next tour of the wine cellar will commence in ten min-nin-ni-nutes.
Government is a difficult job. When you're doing the whims of special interests, you're gonna need an emergency wine supply, just like my mom.
Public investment: ✅
International diplomacy: ✅
Just, y'know, wine: ✅
I see no downside
Because it’s important to have an alcohol stock for the apocalypse
Exactly, if you read Neville Shute's book On The Beach. As the radioactive clouds drift down to Australia, the old boys at a private members club decide, whilst waiting for the end to come, to drink the cellar empty of its vintage wines and ports
It's so fitting that the closest thing the British Government has to a sovereign wealth fund is a cellar of wines to be had by our politicians, monarchs and that of other countries. Real good investment for the British people.
What’s a sovereign wealth fund?
@@goldenfiberwheat238 Long story, I suggest you search it up. But basically think of it as a bank account for a whole countries (normally used by eastern countries and Norway). This bank account is used to buy parts of companies in their own countries and companies in other countries, they also build properties all over the world and buy government bonds of other countries (give loans to countries), and all sorts of other good investments. Then the companies, buildings, loans, gives money back to the sovereign wealth fund when they make a profit, lease an office or house, etc. The countries then can use that money they got back to pay for things like military, police, firefighters, or more investments. Importantly, that money you get back from the investments can be used to reduce the amount people need to pay in taxes.
Normally, the SWF's also buy parts of utility companies in their own country. But lord knows Margaret Thatcher wanted to make the rich richer so she sold them all, and now the UK Government doesn't have the money to buy back into these companies.🤣🤣🤣
@ it’s a long explanation. I suggest you look it up. But think about it like a bank account for countries. They use this bank account to buy a part of companies in their own countries as well as in other countries. They also use the money to build office building, malls, residential buildings in their own country as well as other countries. They can use it to buy government bonds of other countries (basically give loans to governments). They can use the whole bank account to make whatever investments they think is good basically.
Now once a company gives back a profit, the profit goes into the bank account. Or if somebody leases an space in the mall, or an office, or a house. The profit goes back into the account. When the government pays the interest in the loan, the money goes back into the account. And the Country can use that extra money to invest in more opportunities, or they can use it to pay for the police, firefighters, road maintenance, etc. and that can help reduce the amount of taxes you pay.
It’s normally used by eastern countries and Norway. That’s why they normally have like 20% tax at the maximum while in the UK you could pay I think 57% now because of the new National Income Contribution rate.
UK could’ve started a SWF before the 1970s and it would’ve been the wealthiest in the world back then, but Margaret Thatcher sold everything the Government owned to make her rich friends richer.
@@goldenfiberwheat238a pot of money the state invests
@ so like the treasury?
Haha sir we saw that face at 7:16, legend held it together for the whole video, have another on us 😄
This is the mind of stuff that TLDR should be doing rather than regurgitating daily news topics that are done better by others without adding anything to the topic.
"blody hell, the gov'ment have a whine cellar??", "We give the royals how blody much???"... Then you get the economists to crunch the numbers: it's all very financially sound and profitable 😂
It's interesting how the stupid sounding things a government does, often are the smarter things they do
Its almost like despite petty party politics, at a fundamental level on fundamental issues they are infact competent. But id put that much more down to the state than any specific government
The royals aren't financially worth it though
@@tobos8909 oh? So the Windsor family should get the income of all the royal lands and not the exchequer? Tourism alone sustains the Royals. Which is why there's no real republican fraction in British politics. Yes, in the mind of democracy-absolutists, the money be damned, but in reality, that's not how a feasible platform for actual politicians
@tobos8909 they're a financial boost lol the crown estates generate about £500m a year and 88% of that goes to the treasury. Instead of whining about the royals who pay 88% tax let's go after the billionaires that pay 0% income tax
@@frankhaugen so maybe a single family shouldn't own that much land
and nope, tourism caused by the continued existance of the royals doesn't pay for them.
More fun videos like this please!
Apparently the US keeps a strategic Cheese reserve as well, now that I know about our Wine Reserve, I understand why it is called the "Special relationship".
its only the UK that ever mentions it... the US calls it ' the minions'
A Master of Wine is a professional title that has to be earned through accreditation. It's very hard to acquire, so the fact that 3 MWs are doing this for free for the British state is pretty good of them.
A lot of things we might consider strange for the government to be doing actually do benefit people, like this wine cellar. Other examples include the US government funding studies on the mating behavior of beetles (apparently resulting in benefits to pharmaceuticals, among other things) and the British royal family (they are a net profit to the UK, as their tourist attractions constitute a huge draw to the country)
Or the US government storing tonnes of cheese in a mountain
I feel that in Europe we have abandoned our culture because we have forgotten this little details. Mostly, due to American influence.
The royals are only a net profit when monarchists invent new accounting standards. They claim they contribute as much £500 million a year I think. But this figure includes general tourism receipts, many of which are unrelated to the monarchy. Even when it comes to royal sites like Buckingham Palace and Windsor Castle , they would likely remain tourist attractions even without a royal family , as seen in countries like France.
Another "creative" accounting approach they use is to include the revenues of the Crown Estate as a contribution by the Royals. This is especially absurd, given the profits of the Crown Estate have belonged to the tax payer since 1760. King George III put himself and the country into massive debt. Parliament generously agreed for the tax payer to bail him out in return for control of future profits of the Crown Estate. A rare piece of good business by politicians we might say.
If we apply recognised standards of accounting to the Royals, they are very obviously a net loss.
@@matthewbazeley2984 I really don't care how much they cost, their diplomatic value is just about priceless.
It's not fair and maybe not moral but by maintaining the myth of a family of people more important than everyone else, we gain an incredibly useful tool.
@@regarded9702 I'm sure you would agree that being born into royalty does not bestow any special diplomatic skills, so I struggle to see how they are they going to be better at negotiating than professional diplomats. I thought they played a ceremonial role and the real discussions were handled by politicians and civil service types.
Perhaps you can point me to a meaningful act of diplomacy by the royals that couldn't of been achieved by an elected official?
Good for the wine industry, good for the country, and good for government.
"BECAUSE IT'S SO MUCH FUN JAN, GET IT!"
Bring back the Government Hospitality Advisory Committee for the Purchase of Wine!
god that bit about nicking the german's wine is probably the best bit of british WW2 history i've ever learned!
Makes sense if you're going to subsidise the drinks in the Commons, right?
More importantly, when did James Maddison join the channel?
uuh they did well and will make good money given the horrendous weather conditions the french vineyards had this year
Should be stocked with Commonwealth wines. Auction the foreign wines would use for the wines or share with the poor Brits. The Russian vodka is cleaning fluid!
If you're trying to make a lot of money from wine value appreciation, it's necessarily going to include a lot of French wine, since that's the most expensive and sought-after. If they stocked only commonwealth wines, they'd likely not be a self-funding department the way they are now.
Thought I’d drank some of the wine when Ben goes from a long sleeve t shirt at 7:17 to a checkered shirt at 7:25.
Smooth
Wouldn't it be easier to just have an approved seller for state functions, and then bottles can be bought in bulk? What about if the king has a state banquet? Does that come from his Sovereign Grant or from this same cellar? £40k is a very small proportion of overall UK state income, which is roughly £1.5trn. That's barely the salary of a teacher for the average state school. Wheether this is value for money is moot given the very small scale of the revenues it produces.
Cellar i hardly know her
So just to be clear: the wine cellar makes enough profit to pay for itself _and_ to provide all the wine needed for international reception events? Did I get that right?
Sounds great. A hobby for some members of government who like wine, which costs us nothing and provides us with something we need. It's awesome
Now if I could just snag a couple of bottles of red for my own use, it'd be perfect
LIst them a budget and we wouldnt have deficit anymore
Seems about right that one of the only Agencies to improve their performance under the Tories was the one in charge of buying fancy wines
Thankfully, Gordon Brown never managed to sell off this strategic reserve at rock-bottom prices...
I don’t know whether to laugh and appreciate this light hearted nature of this, or be disgruntled at the fact that the government are only capable of running something profitable when it involves them getting pissed at the taxpayers expense.
Same reason the royal family own so much art, it doesn't depreciate in value
Great video. Sounds like this is the most efficiently run government department by a country mile.
If I was in office the government wine committee would be fired day 1 and replaced with a bloke to run to tesco. I don't need the government investing in anything except the country. Don't even care that they aren't paid.
Nice to see ONE British government agency that works.
Loved the tongue in cheek humour in this TLDR video
For the same reason why the Challenger 2 Main Battle Tank has a Tea making boiling vessel.
In wartimes, it adds dignity to what would otherwise be an ugly brawl...
As an entrepreneur running a big company, I will be boring and say that opportunity cost of this is higher. Renting out the whole wine cellar at Lancaster house on commercial terms would generate more money for the taxpayer. But it does carry some intangible value such as the wine from the government cellar is such a great entry line or conversation starter at a gov event to keep these international relationships going.
I'm sure they could move it somewhere in London other than Lancaster House
you know nothings happened in the uk when tldr are bringing out the wine news
What a fun video. I reckon they should do an annual lottery, one pound per entry, to give away a bottle of wine at Christmas or something.
They need to do the same for whisky
While I am not aware of any government that does this, I do know quite a few livers.
Unironically the best TDLR video of all time
"A good example of this is building and maintaining roads" the government owns like 99% of the roads and yet they hire private companies to do this and let's be honest they aren't great at getting them repaired so let's not pretend that a private company couldn't do this as good or better.
The temperature controlled space definitely cost money
serving british wine might very well cause a diplomatic incident with some countires
I’ve seen many master of wine 🍷 hanging around doorways at night, they are very dedicated to their craft
Can you imagine the extra wealth that would be sloshing around if only Thatcher had treated our North Sea Oil as well as she did our Beaujolais....
Interesting video, since the UK needs a strategic reserve, or something akin to barter replaces the constant depreciation of the Pound Sterling for the highest inflation and debt for decades ? Perhaps a strategic reserve from the world's largest offshore energy infrastructure to store as hydrogen and lowered costs on living, working together for our energy security makes more sense? What credibility is left for a government to resort to a broken flesh market of capitalism to vintage wines, not least any viability of a functional liberal democracy either?🎉😂
The Royal College of Physicians (London) has a multi million pound wine cellar.
It’s so dumb
So the government is investing tax payer money not into the community but into of all things wine.
Sounds like one of the most efficient government departments. Is it time to put the wine commissioners in charge of the NHS?
Get some buckfast in there. It costs pennies, gets you hammered better than rocketfuel and is made by monks in Devonshire.
Because it would be most inappropriate for the peerage to go without in difficult times
I feel like a tea or biscuit reserve would be more helpful. Sure could have used it back in 2016.
It’s cause spirits are needed and everyone who is anyone needs it, the gods envy you.
Registering to vote should allow you to opt in to a lottery to win a random bottle from the reserve each election cycle.
The rent CANT be this high.
This was such a great vibe
I feel sorry for the masters of wines that don’t get paid. I hope they can enjoy a wine party when they meet at least.
Smirnoff turns out to be cheaper than isopropyl wipes
I understand the reasoning, but surely we should be promoting our own beers and wines. There is no reason why these are not as good.
You mean to say they dont stock Devonshire's finest, Buckfast Tonic Wine? 😲
really great video guys!!! More topics like this 🙂
Yeah. TLDR had fun with this one :)
If WW3 starts, you will find me in that cellar =)
Good to know the British are doing something right!
now i just need to know if the Dutch government has a strategic cheese reserve
I love these quirky fun fact videos. Lovely palette cleanser
I wonder if Evgeny Chichvarkin is one of the acclaimed 'wine masters'
Why wouldn't they? 😂
Serve them all a bottle of Buckfast each!
What?!
I need to know about this bottle of vodka now!
I'm assuming the wine reserve would have a major role in times of war 🍷
I never get how store bought wine can be spoiled in three years but expensive wine can be better over decades
The majority of wines mature fairly quickly and then deteriorate, but a few benefit from extended ageing. Your average supermarket - and even your average off-licence - will stock wines when they are at their best and therefore at their most expensive. They are not in the busioness of selling investments.
@ but what makes the difference? They are both fermented grapes.
@@tulliusexmisc2191
"busioness"?
Mate, I think you had one glass too many at the time of your post.😂
Tbf thank god Boris and crew never found out about this
If the goal is to keep visitors happy, might I suggest we set up a Strategic MDMA reserve?
WDYM the population has not enough drinking "Tap" water? Let them drink wine! *french applaud from hell*