Tag Archives: malt whisky

Alan Reid MP writes… Time for the Chancellor to be fair on Scotch

WhiskyAs the local MP for Islay, I see frequently just how important whisky is to the island. Eight distilleries (and another planned), and the world famous brands they produce, help to drive the local economy and attract tourists from around the world to a remote corner of the Scottish west coast.

What is less easy to understand is why the UK continues to penalise the industry in its home market. Today, nearly 80% of an average priced bottle of Scotch Whisky – four pounds in every five you spend on a bottle – is accounted for by tax, making whisky one of the UK’s highest taxed consumer products.

Excise duty on whisky has increased by 44% since the introduction of an annual 2% above inflation duty escalator in 2008. The result has been predictable and damaging. The UK market for Scotch is now 12% lower than it was when the escalator was introduced, a loss of 6,500 bottles from the market every day.

Posted in Op-eds | Also tagged , , and | 5 Comments
Advert



Recent Comments

  • User AvatarCatherine Jane Crosland 11th Aug - 1:20pm
    David Raw, thank you for your replies. You say that you object to the idea that the "Times Rich List" would receive Universal Basic Income....
  • User AvatarBarry Lofty 11th Aug - 1:08pm
    David: I am sure we could argue, discuss all that went on inside that coalition but I took it rather more personally at the time...
  • User AvatarDavid Evershed 11th Aug - 12:59pm
    Whilst we Lib Dems consider the Conservative government an enemy, because they hold different views to us, we depart from liberal principles. Liberals should respect...
  • User AvatarAndrew Toye 11th Aug - 12:55pm
    I agree that wellbeing should be a priority, but it’s one of those things that are difficult to measure or plan for. David Cameron introduced...
  • User AvatarDavid Raw 11th Aug - 12:48pm
    Alex Macfie No Rose Gardens butters no parsnips. It's what they did that matters, the rest is froth.
  • User AvatarDavid Raw 11th Aug - 12:46pm
    @ Barry Lofty "The coalition served its main purpose, which was to save our economy in a time of financial meltdown". I'm sure that's what...