What Scottish Independence Could Mean for the Price of Your Single Malt
on 13/06/14 at 10:46 amBooze News
Bad news: The price of scotch could be going up, and it all depends on the results of a September referendum. On the 18th of that month, Scots will go to the polls to decide if they will remain part of the United Kingdom or tell London that no, we’re going to give this independence thing a shot, thank you very much.
If they choose the latter course, according to recent speculation, the scotch industry could face a bit of turbulence. Among the effects? Price volatility of your favorite single malt.
And you thought it wouldn’t affect you. Scotland has a population the size of Minnesota’s, and its GDP is one-tenth of the U.K.’s, which is in turn 3% of the world’s. So what if they want to set out and chart their own path? We did, too, way back when, and that turned out pretty well.