Whisky: Scotland
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Autumn Budget 2024 on the Scotch Whisky industry.
Answered by Torsten Bell
Over 90% of scotch is exported, and so will not be directly affected by the Budget measures, but the industry is set to be among the biggest beneficiaries from the trade deal with India, which is set to reduce tariffs from 150% to 75% initially, and then 40% over time.
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