
According to Planet Radio, on March 4th, ahead of the budget announcement this Wednesday (March 6th), British Chancellor Jeremy Hunt is considering implementing new taxes on e-liquids to deter younger individuals from starting to vape.
Former Director of Public Health in the Northwest, John Ashton, believes this is the right direction: "We may have up to 20% of teenagers using e-cigarettes, and we are not sure of the long-term effects of their smoking." He also added, "If the Chancellor starts taxing e-cigarettes this Wednesday, it would be a good move.
A British e-cigarette company has labeled proposed measures as being driven by political motives and has criticized them for damaging the UK's best existing tool for quitting smoking. Matt Crann, sales director at Riot Labs, believes that the government's actions will present a major obstacle for those who have turned to e-cigarettes in order to quit smoking. He added, "Like most things the government does, there is a lot of talk but a lack of clarity in reality.
There is no rational explanation for the e-cigarette tax, and it is filled with political motives. Where will the additional cash from the tax increase be directed? All it can do is provide the UK with the best smoking cessation tool.
Smoking remains the leading cause of preventable disease and premature death in the UK, causing over 120,000 deaths each year - more than 13 every hour. E-cigarettes have a good track record in helping people quit smoking and embark on the path to quitting. For the e-cigarette industry, which has been hit hard in recent weeks by the government's absurd policies on disposable e-cigarettes, this is a battle that Riot Labs is willing to fight for our industry retail partners.
According to an analysis by the Treasury, the increase in new e-cigarette and tobacco taxes could generate approximately £500 million (approximately $634,757,500) in revenue annually.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com