Scotland’s ruling party, the Scottish Nationalist Party (SNP), have recently claimed that trade complications created by Brexit are costing the Scotch whisky industry £5 million ($6.9 million) a week. Walking the tightrope between these two views is the Scotch Whisky Association (SWA), which represents the interests of the industry across trade and policy. For example, the price of materials that come from the EU used in Scotch whisky has risen. Though Brexit has clearly not helped the Scotch whisky industry thus far, the picture is still rosier than 2020, when US tariffs and economic uncertainties from the Covid pandemic were also hitting overall sales hard. However, as the EU is one of the Scotch whisky industry’s key markets, Brexit uncertainties are unlikely to go away any time soon.

Source: Forbes August 12, 2021 10:04 UTC