Scotch whisky pumps £1.8bn into UK economy

By Laurence Gibbons contact

- Last updated on GMT

The Scotch whisky industry boosts the UK economy by £1.8bn
The Scotch whisky industry boosts the UK economy by £1.8bn

Related tags: Scotch whisky industry, Scotch whisky, Whisky

The Scotch whisky industry pumps £1.8bn into the pockets of its suppliers annually, with 90% of that expenditure in the UK, according to a Scotch Whisky Association (SWA) report.

The industry also directly employed 10,900 people and supported a further 300,000 across the UK supply chain, it added.

For every £1M of value added by the Scotch whisky industry, a further £520,000 is added across the rest of the UK.

SWA boss David Frost claimed the report showed how significant Scotch whisky was to the wider UK economy.

“Scotch whisky is a high-quality, much-loved drink with a global reputation,” ​he said.

Cut excise duty

“Given the scale and impact of the industry, we believe the government should show its support and recognise Scotch as a cultural asset that boosts growth and jobs and supports communities by cutting excise duty by 2% in the Budget.”

It was unfair on the industry and consumers that almost 80% of the average price of a bottle of Scotch whisky was taxed, he added.

The ‘Drop the Duty!’ campaign to cut alcohol duty by 2% is supported by the SWA, the Wine and Spirit Trade Association and The Taxpayers’ Alliance.

Related topics: Supply Chain

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