> The Prime Minister has secured a significant win for Scotland’s iconic whisky industry, with China agreeing to cut tariffs on Scotch whisky from 10 per cent to 5 per cent.
> The deal, signed during the Prime Minister’s visit to Beijing, will be worth £250 million to the UK economy over the next 5 years. China is currently Scotch whisky’s 10th largest market by value, and this tariff reduction will help Scottish distillers compete more effectively in one of the world’s fastest-growing consumer markets.
> This latest success follows the landmark UK-India trade deal, which slashed Indian import tariffs on Scotch and is set to increase sales to India by up to £1 billion a year. That deal alone is expected to grow the Scottish economy by £190 million annually.
Every little helps. Good for the Scotch whisky industry.
JB_UK on
A 5% cut in Whisky tariffs worth £250m over 5 years? Do we really sell £1bn worth of whisky to China each year? These figures must have some generous assumptions.
Edit: I found this from the WSJ:
> The government said it expects whisky exports to China to be worth roughly 250 million pounds ($345.2 million) to the U.K. economy over the next five years as tariffs are lowered to 5% from 10%.
So £250m is the projected total sales over 5 years, with the best will in the world I’m not sure a ‘£250m boost’ is entirely honest as a headline.
urbanspaceman85 on
Had honestly forgotten what it was like to have a government *actually fucking doing things*.
SeekerofWisd0m on
We’ve heard of what we’ve gained, this and visa free travel, but not what we’ve given ?
Due_Ad_3200 on
The key question is – did he manage to open new pork markets
As American distelleries drown, ours rises. Great work
Sickinmytechchunk on
Adults being in charge does wonders. Reform would just be Tory psychodrama, seconds out, round 1000+ for 5 years.
unbelievablydull82 on
If they hadn’t behaved in such a reprehensible way towards disabled people, I’d be impressed
No-Medicine1230 on
Excellent. Starmer and his gang are actually doing bits. While you’re over there, can you see a way of getting Hauwei equipment back over here, 5G is fucking awful these days
TaffWaffler on
I genuinely believe that Starmer is an incredible statesman, maybe one of the best we have had in decades.
11 commenti
> The Prime Minister has secured a significant win for Scotland’s iconic whisky industry, with China agreeing to cut tariffs on Scotch whisky from 10 per cent to 5 per cent.
> The deal, signed during the Prime Minister’s visit to Beijing, will be worth £250 million to the UK economy over the next 5 years. China is currently Scotch whisky’s 10th largest market by value, and this tariff reduction will help Scottish distillers compete more effectively in one of the world’s fastest-growing consumer markets.
> This latest success follows the landmark UK-India trade deal, which slashed Indian import tariffs on Scotch and is set to increase sales to India by up to £1 billion a year. That deal alone is expected to grow the Scottish economy by £190 million annually.
Reporting on STV: https://news.stv.tv/politics/china-to-cut-tariffs-on-scotch-whisky-after-prime-minister-secures-deal
Every little helps. Good for the Scotch whisky industry.
A 5% cut in Whisky tariffs worth £250m over 5 years? Do we really sell £1bn worth of whisky to China each year? These figures must have some generous assumptions.
Edit: I found this from the WSJ:
> The government said it expects whisky exports to China to be worth roughly 250 million pounds ($345.2 million) to the U.K. economy over the next five years as tariffs are lowered to 5% from 10%.
So £250m is the projected total sales over 5 years, with the best will in the world I’m not sure a ‘£250m boost’ is entirely honest as a headline.
Had honestly forgotten what it was like to have a government *actually fucking doing things*.
We’ve heard of what we’ve gained, this and visa free travel, but not what we’ve given ?
The key question is – did he manage to open new pork markets
https://youtu.be/Qe2vtVq8ZtQ
As American distelleries drown, ours rises. Great work
Adults being in charge does wonders. Reform would just be Tory psychodrama, seconds out, round 1000+ for 5 years.
If they hadn’t behaved in such a reprehensible way towards disabled people, I’d be impressed
Excellent. Starmer and his gang are actually doing bits. While you’re over there, can you see a way of getting Hauwei equipment back over here, 5G is fucking awful these days
I genuinely believe that Starmer is an incredible statesman, maybe one of the best we have had in decades.