Brexit offers challenges and opportunities. There are significant uncertainties around the UK's future trade relationship with both the EU single market and with other overseas countries.

Continuity of trading relations is important to us since Scotch Whisky is the single biggest net contributor to the UK's balance of trade in goods and the EU takes around a third of Scotch Whisky exports.

There are various options being mooted for the UK's future trading relationship with the EU and we will have to wait and see what UK Government decides on as a negotiating position.

As the UK Government develops its own position and trade policy orientation, its capacity and expertise in this area will need to be developed. We expect to work closely with government in the coming months and years as Brexit progresses.