List view / Grid view
Joshua Minchin reports from the US Embassy as the spirits sector celebrates an end to transatlantic tariffs on products such as whiskey, gin and cognac, which has blighted trade between the three trading partners for nearly four years.
The alcohol sector looks to be the biggest winner from the Autumn 2021 Budget, though scratch beneath the surface and it seems like not all corners of the industry will benefit from the proposed policies.
The trade deal has been welcomed by the Scotch Whisky Association, but the NFU has its doubts over whether the pact can uphold UK animal welfare standards sufficiently.
The escalating drinks trade war involving the UK, US and EU sees no sign of stopping as the US imposes new tariffs on European alcohol.
A back and forth battle of tariffs has seen exports of spirits and wine plummet on both sides of the Atlantic, while coalition demands a rethink.
A group of 18 drinks associations from the US, UK and Europe is calling for tariffs to be lifted from alcohol beverages, after recent data highlighted severe detriment to trade.
Recently appointed UK Chancellor, Rishi Sunak, has delivered his first Budget in the House of Commons, announcing the government’s tax and spending plans for the year ahead, including the introduction of a plastic packaging tax and the fact that tax will not be increased on alcoholic drinks.
Among the raft of trade announcements that emerged from UK Prime Minister Theresa May's China trip comes the news that Scotch whisky has had its trademark renewed, protecting sales in the world's largest spirit market.
The highest court in the United Kingdom has supported the Scottish Government's right to impose a minimum price per unit of alcohol.
The Scotch Whisky Association is holding the so-called dram duty to account for a drop of 1 million bottles in sales.
