VOICED : In pro-EU Scotland whisky makers quietly cheer Brexit boon

VOICED : In pro-EU Scotland whisky makers quietly cheer Brexit boon

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10th Grade - University

Hard

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The Scotch whisky industry has experienced a significant short-term boost in exports due to the devaluation of the pound following Brexit. This has led to a 300% increase in inquiries for casks, primarily from international markets. However, the industry also faces challenges such as rising import costs for materials like barrels and uncertainty about the long-term effects of Brexit. The future of Britain's membership in the single European market and trade deals with countries like India and China will be crucial. As Scotch whisky takes years to mature, the full impact of Brexit will only become clear over time.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways might future trade deals with countries like India and China affect the whisky industry?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the time it takes to see the effects of Brexit on the whisky industry?

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