AIRLINK 68.25 Increased By ▲ 3.05 (4.68%)
BOP 5.53 Decreased By ▼ -0.04 (-0.72%)
CNERGY 4.52 Decreased By ▼ -0.04 (-0.88%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.49 Decreased By ▼ -0.47 (-0.67%)
FCCL 20.16 Decreased By ▼ -0.14 (-0.69%)
FFBL 30.75 Increased By ▲ 1.64 (5.63%)
FFL 9.88 Increased By ▲ 0.05 (0.51%)
GGL 10.09 Increased By ▲ 0.08 (0.8%)
HBL 114.40 Increased By ▲ 0.15 (0.13%)
HUBC 130.55 Increased By ▲ 1.45 (1.12%)
HUMNL 6.71 No Change ▼ 0.00 (0%)
KEL 4.41 Decreased By ▼ -0.03 (-0.68%)
KOSM 4.89 No Change ▼ 0.00 (0%)
MLCF 36.59 Decreased By ▼ -0.41 (-1.11%)
OGDC 132.89 Increased By ▲ 0.59 (0.45%)
PAEL 22.55 Increased By ▲ 0.01 (0.04%)
PIAA 25.68 Decreased By ▼ -0.21 (-0.81%)
PIBTL 6.65 Increased By ▲ 0.05 (0.76%)
PPL 113.56 Increased By ▲ 0.71 (0.63%)
PRL 29.17 Decreased By ▼ -0.24 (-0.82%)
PTC 15.08 Decreased By ▼ -0.16 (-1.05%)
SEARL 57.39 Increased By ▲ 0.36 (0.63%)
SNGP 65.90 Decreased By ▼ -0.55 (-0.83%)
SSGC 10.98 No Change ▼ 0.00 (0%)
TELE 8.76 Decreased By ▼ -0.04 (-0.45%)
TPLP 11.62 Decreased By ▼ -0.08 (-0.68%)
TRG 68.60 Decreased By ▼ -0.02 (-0.03%)
UNITY 23.45 Increased By ▲ 0.05 (0.21%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,367 Increased By 72.4 (0.99%)
BR30 24,004 Increased By 149.8 (0.63%)
KSE100 70,692 Increased By 401.4 (0.57%)
KSE30 23,286 Increased By 114.8 (0.5%)

imageLONDON: Britain's whisky trade is worth over £5 billion ($7.6 billion, 6.7 billion euros) to the economy each year and provides over 40,000 jobs, according to a study released on Wednesday.

The report by the Scotch Whisky Association (SWA) found that despite a slowdown in exports, billions of bottles of whisky were sold globally each year.

"Scotch whisky must be recognised as a cultural asset that boosts growth and jobs, supports communities and combines the best of the traditional and the modern," said SWA chief executive David Frost.

A statement from the British treasury called whisky "a huge British success story".

Frost called for a two percent cut on whisky duties in the government's budget out in March. The government responded by arguing it had already helped by freezing taxes on whisky and other spirits in 2014.

The report found the whisky industry was worth £3.3 billion to the British economy, with its supply chain, packaging, and distribution worth another £1.8 billion.

The industry employs 10,900 people in manufacturing and distilleries, and supports about 30,000 jobs in its supply chain, the report found.

The whisky industry also accounted for three quarters of Scotland's food and drink exports, and the report stressed the importance of the trade as an employer in more rural areas.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.