Scotland has had the Scottish National Party in power for over 7 years and 2014 will see the electorate get to decide whether Scotland will remain as part of the United Kingdom or ‘rise now and be a nation again’. This is not the first time Scotland has went to polls on this issue and in the mid 1970’s with the oil find in the North Sea still in its infancy Scots rejected the idea of an independent Scotland. The polls today suggest there will be a similar result this time round in the middle of massive recession with a wave of Britishness sweeping the country after the Olympics. However there is a long way to go before 2014 and with the nationalist kicking off the campaign with a march in Edinburgh last week it is time to have a look at how this will impact the whisky industry in Scotland.
As much of the whisky industry is owned by global firms such as Diageo it may not have much impact if Scotland were to leave the UK. With corporation tax, alcohol duty, and VAT still as changeable as the Scottish weather no-one can really predict what the UK government or independent Scottish government would do as far as whisky is concerned. Both governments will be very keen to keep whisky tax revenue as whisky is one of Europe’s top export products. An independent Scottish Government you would think would put more focus on promoting the product however the Scottish Government and Scottish whisky industry do not see eye to eye at the moment and set to take each other on in the European courts of minimum alcohol pricing in the UK.