Cut in Whisky Duty 'Best Way to Boost Scottish Economy' Independent Consultants Say Slashing Duty by Same Amount As Vat Cut Could Raise Gbp733m

Summary

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NEW figures from leading economic consultants Gen show that a 2.5per cent cut in duty on Scotch whisky would generate more than twice as much benefit to the UK economy as last year's equivalent VAT cut, the Sunday Herald has learned.

Scottish government figures suggest the VAT cut resulted in a GBP320 million boost in value to the Scottish economy, leading the first minister, Alex Salmond, to suggest that direct investment in building programmes instead of the tax cut would have raised more than GBP680m.

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Cut in Whisky Duty 'Best Way to Boost Scottish Economy' Independent Consultants Say Slashing Duty by Same Amount As Vat Cut Could Raise Gbp733m

But Gen, which has no ties to the whisky industry, claims cutting the duty would generate GBP733m for the Scottish economy.

Gen director Richa...

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