LISTEN: 2% Cut On Scotch Whisky Duty
Producers are welcoming the announcement by Chancellor George Osborne in his budget speech.
Scotch Whisky producers are welcoming a 2% cut in duty, announced by Chancellor George Orsborne.
It was revealed as part of his budget speech at Westminster earlier.
The Scotch Whisky Association, who campaigned for the change, said it would mean a "fairer deal" for consumers.
MFR Reporter Derek Ferguson speaks to SWA spokesperson Rosemary Gallagher about the announcement...
David Frost, Scotch Whisky Association chief executive, said: "This is a historic decision and only the fourth time whisky duty has been cut in a century.
"The Chancellor's announcement will be toasted across the whisky industry and by consumers who are getting a fairer deal on tax when they have a drink of Scotch.
"The move is a major boost to our industry as we look to grow again in the UK, and equally sends out an important signal on fair taxation to our export markets.
"The industry is raising a glass to George Osborne and his Treasury team, as well as to all those who have supported our campaign over the last two decades."