The Business Times
SUBSCRIBERS

Whisky makers in pro-EU Scotland raising a toast to Brexit boon

Published Wed, Dec 21, 2016 · 09:50 PM

Glasgow

WHILE most of Scotland voted against leaving the European Union, whisky makers have quietly been raising a wee dram to a side-effect of the Brexit vote - a plunge in the value of the pound.

The currency devaluation has made exports cheaper, generating a bump since 90 per cent of Scotch whisky is sold outside Britain, although the industry warns that the longer-term outlook is far more cloudy.

David Williamson, communications director for the Scotch Whisky Association, said: "Because of the relative strength of the pound we're ce…

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here