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Home»Posts Tagged "£7.1"

Browsing: £7.1

Business

Scotch Whisky Boosts UK Economy with £7.1 Billion Contribution in 2022

By Deborah Pierce25/01/20240

A recent report by the Scotch Whisky Association (SWA) has revealed that Scotch whisky played a crucial role in the UK economy in 2022, contributing £7.1 billion. The report highlights a significant increase of 29% in whisky’s economic contribution since 2018. Scotland, the heartland of Scotch whisky production, benefited from a £5.3 billion boost, representing approximately 3% of Gross Value Added (GVA). Scotch whisky constituted a major share of Scotland’s food and drink exports, contributing 77%, and accounted for 26% of the UK’s overall exports in this category. Despite challenges such as retaliatory tariffs in the United States and the…

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