Scotch whisky will be impacted by the latest round of tariff announcements from the US, which will see UK products heading stateside whacked with an additional 10% levy.
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Cask Trade, the whisky cask marketplace founded in 2018, has opened its first warehouse located in the famed Speyside whisky region.
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The Japan Spirits & Liqueurs Makers Association (JSLMA) has announced the adoption of a new logo to reinforce its industry standards regarding whisky production, first established in February 2021.
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What do you think is the biggest-selling whisky in the world? Johnnie Walker? Jack Daniel’s? Nope. It is in fact Officer’s Choice, an Indian whisky unable to be sold as whisky in the UK or EU because it contains molasses spirit. However, India is now producing increasingly sophisticated single malts with brands like Rampur, Indri and Paul John setting their sights on the British market.
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The UK spirits distributor Mangrove Global has announced the appointment of Kealan Lafferty as its new brand ambassador within the company’s world whisky team. His role will see him promote Mangrove’s selection of global whiskys to members of the on-trade.
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Following the recent announcement of Neil Everitt to the role of chairman, Scotch whisky maker Compass Box has announced the appointment of Nishat Gupte as the company’s new CEO.
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Chivas Brothers has announced that over 120 of their contracted farmers have achieved the UK’s first FSA Gold verification for distilling wheat, as part of their ongoing sustainability efforts and long-standing partnership with Simpsons Malt.
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Figures from the Scotch Whisky Association (SWA) reveals that the total global export value for Scotch whisky stood at £5.4bn for 2024. This represents a slight decline of 3.7% in exports by value compared to 2023.
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A mounting global trade war between the US and its three largest trading partners has reignited concern for businesses in markets such as the UK, as the Scotch whisky industry is still recovering from a £600m hole in its finances.
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Premium spirits company Luxco has brought forward its transatlantic shipping schedules of American whiskey amidst uncertainty about trade tariffs between the UK, EU and US.
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The recent decision by the Alcohol and Tobacco Tax and Trade Bureau (TTB) to set specific identity regulations for ‘American single malt whiskey’ will come into effect on Monday 19 January.
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SWA chief executive has claimed the industry is “not crying wolf” over the impact of the double-digit rise in spirit duty since August 2023. According to Treasury figures, the revenue from spirits duty fell by £255m for the period running 1 August 2023 to 30 November 2024, which equates to an eye-watering half a million-pound loss in revenue every day for HMRC.
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A community-owned, government-supported distillery has revived the tradition of whisky making at The Cabrach estate in Speyside, a sparsely populated Highland area that hasn't produced single malt for 170 years.
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The once booming market for deluxe single malt is in decline, according to new data published by a leading financial advisory firm.
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The Scotch Whisky Association (SWA) has revealed a significant drop in exports, with a decline of 18% in the first half of 2024 compared to the same period in 2023. The value of exports in H1 2024 fell to £2.1bn, while the volume dropped by 10.2%, equating to 566 million 70cl bottles, or 36 bottles per second. This contrasts with 40 bottles per second in the first half of 2023.
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Edinburgh-based Holyrood Distillery has reported strong export growth as mid-year sales already exceed that of 2023 by 15% thanks to an exclusive partnership with Dutch importer and distributor High Spirits.
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New figures from HM Revenue and Customs reveal the Treasury has lost close to £300m in tax revenue from Scotch whisky and other spirits following Jeremy Hunt’s significant tax increase last August.
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The market for English whisky is experiencing significant growth, with projections indicating an 189% increase from 2019 to 2024, reaching a value of £1bn this year.
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The Scotch Whisky Association (SWA) is urging the next government to reverse the damage caused by Jeremy Hunt’s 10% increase in spirits excise duty. Newly published figures from HMRC reveal that the Treasury has lost more than £100m since the tax hike last August.
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To celebrate its 5th anniversary, Cask Trade aims to raise £10,000 for The Drinks Trust by selling bottles of cask-strength whisky. The company has bottled 200 bottles from two barrels of 2015 single-malt Scotch whisky from The Speyside Distillery.
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