Scottish independence rejection cheered by whisky industry

19 September, 2014

The Scotch whisky industry is celebrating the no vote on Scottish independence and hopes it will lead to economic stability in the years ahead.

Fifty-five per cent of Scots voted to remain in the union and squashed fears that the entire UK would be plunged into financial and political chaos.

David Frost, chief executive at the Scotch Whisky Association, said:
 
“The people of Scotland have made a historic choice against the background of the most profound national debate.  



“We welcome the stability that this choice brings and now urge politicians of all parties to work to bring our country together.  
 


“The referendum debate has shown the need for government and business to collaborate to address long-term economic challenges. We will be looking closely at plans for further devolution within this context.  There must now be a renewed focus on improving the business environment so that Scotland’s economy can grow to everyone’s benefit.  
 


“The Scotch Whisky industry is determined to play a leading role in shaping discussions that are fundamental to the future success of our industry and our nation.”
 

A spokesperson for Diageo, the largest producer, added: “Now that the people of Scotland have voted to remain part of the UK, we will continue to focus on what matters for our business as the implications of further devolved powers become clearer.

“Scotch whisky is a very successful and growing export industry for Scotland. The future for this sector will remain bright provided there is no further regulation or taxation on the industry. This is important because in the world market, Scotch whisky competes fiercely with other categories, such as American whiskey, Irish whiskey and other whiskies.

“We will continue to work in partnership with both the UK and the Scottish governments to ensure the most favourable business environment possible, both for Diageo and for the future growth and success of Scotch whisky as an industry.”




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