The Scotch Whisky industry, which is a vital part of the UK economy and adds almost £5 billion in value every year, was celebrated last week at Westminster.
The event in the House of Commons, attended by the Scotch Whisky industry, members of the industry’s supply chain and politicians marked the launch of ‘The Economic Impact of Scotch Whisky Production in the UK’ report, commissioned by the Scotch Whisky Association (SWA).
Sandra Osborne today welcomed the industry’s economic contribution at the Parliamentary event hosted by the SWA to mark the new report. One key finding of the report is that Scotch Whisky producers spend £1.8bn on suppliers, with 90% of that expenditure in the UK. The Scotch Whisky industry directly employs 10,900 people and supports a further 30,000 jobs across the UK through the supply chain. The production and export of Scotch Whisky is a key industry in the UK.
Sandra said: “I value the significance of creating new jobs very highly. The Scotch Whisky industry is vital to the entire UK economy and to local communities across the country, as highlighted by the new report from the Scotch Whisky Association. It’s important to recognise the contribution of Scotch Whisky, and the strong supply chain it supports, and celebrate such a great industry.”
David Frost, Scotch Whisky Association Chief Executive, said: “Scotch Whisky is a high-quality, much-loved drink with a global reputation. The new report shows just how significant the industry is to the wider UK economy. 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 is unfair on the industry and consumers that almost 80% of the average price of a bottle of Scotch Whisky is taxation.”
The event at the House of Commons was hosted by the SWA and the All Party Parliamentary Group on Scotch Whisky.
The ‘Drop the Duty!’ campaign to cut alcohol duty by 2% is supported by the Scotch Whisky Association, the Wine and Spirit Trade Association and The Taxpayers’ Alliance.