Could a reduction in alcohol consumption be good news for the UK economy?

Connolly, Kevin and Lisenkova, Katerina and McGregor, Peter G. (2018) Could a reduction in alcohol consumption be good news for the UK economy? Fraser of Allander Economic Commentary, 42 (2). pp. 26-32. ISSN 2046-5378

[img]
Preview
Text (FEC_42_2_2018_ConnolyKLisenkovaKMcGregorPG)
FEC_42_2_2018_ConnolyKLisenkovaKMcGregorPG.pdf
Final Published Version

Download (159kB)| Preview

    Abstract

    The UK has one of the highest alcohol consumption rates per capita in the world being ranked 25th according to the latest global World Health Organisation report on alcohol (WHO, 2014). While there are several well documented detrimental effects of alcohol consumption on health, crime and productivity (e.g. Holmes et al, 2016), the sector also contributes positively to the economy through its production and sales activities.