UK Finance Minister Plans Record Tobacco Tax Hike

Feb.24.2023
UK Finance Minister Plans Record Tobacco Tax Hike
UK Chancellor Jeremy Hunt plans the largest tobacco tax increase in history, raising a pack by £1.15.

Recently, according to the Daily Mail, Jeremy Hunt, the Chancellor of the Exchequer in the UK, is planning to implement the biggest tobacco tax increase in British history.


According to reports, Hunter will officially release the budget proposal on March 15th, which includes a tobacco tax increase. A pack of 20 cigarettes will increase by £1.15 (approximately RMB 9.5), representing an increase of over 15%.


Although tobacco taxes usually increase with inflation, some smokers in the UK are hoping the government will temporarily delay the implementation of this decision due to the current high level of inflation.


The tobacco tax has generated nearly £11 billion in revenue for the government, representing 1.2% of all tax revenue for the year. Britain aims to reduce the proportion of smokers in the population to below 5% by the end of the century.


Earlier this year, a public opinion poll revealed that most British people wish to immediately ban the sale of cigarettes. According to a survey conducted by MailOnline, 52% of respondents support a "complete" ban on purchasing cigarettes, while 31% "strongly" support a ban on their sale.


The findings of the survey could provide legislators and health experts with more confidence that public opinion is nearing a crucial moment in favor of a smoking ban. It is reported that the UK previously implemented a ban on smoking in bars and restaurants in 2006 and 2007.


References:


Health Secretary Jeremy Hunt is reportedly considering increasing the tax on tobacco in line with inflation, resulting in a £1.15 rise in the price of a pack of cigarettes, according to sources. The potential move is expected to be announced in next month's budget.


This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Product|GEEK MIRACLE to Launch Upgraded Fasoul C2 E-Cigarette in Japan
Product|GEEK MIRACLE to Launch Upgraded Fasoul C2 E-Cigarette in Japan
GEEK MIRACLE (HK) LIMITED to release upgraded Fasoul C2 e-cigarette with unique heating technology on May 30.
May.29 by 2FIRSTS.ai
Exhibition Watch | Brands like RELX、Firstunion and HQD Showcase Aluminum Alloy E-Cigarettes
Exhibition Watch | Brands like RELX、Firstunion and HQD Showcase Aluminum Alloy E-Cigarettes
The Dubai E-Cigarette Expo was held at the World Trade Center from June 18-20. A 2Firsts survey revealed that multiple brands, including Firstunion, RELX, and HQD, showcased e-cigarettes made from aluminum alloy.
Jun.24
South Korean Study: E-Cigarette Sales Double in Five Years as Smokers Shift to Novel Tobacco Products
South Korean Study: E-Cigarette Sales Double in Five Years as Smokers Shift to Novel Tobacco Products
In recent years, smokers in South Korea have increasingly turned to e-cigarettes. The use of nicotine alternatives has led to a younger demographic among smokers, with a rising smoking rate among female adolescents. The government needs to strengthen its regulatory measures.
Jun.13 by 2FIRSTS.ai
Kyrgyzstan Eyes Tobacco Tax Hikes as Core Strategy to Curb Smoking
Kyrgyzstan Eyes Tobacco Tax Hikes as Core Strategy to Curb Smoking
Kyrgyz health authorities and WHO experts urge stronger tobacco taxation to curb smoking and ease the economic impact of noncommunicable diseases.
Jun.11 by 2FIRSTS.ai
Russia's State Duma to Ban E-Cigarette Sales Pending Legislative Proposal
Russia's State Duma to Ban E-Cigarette Sales Pending Legislative Proposal
Russia’s State Duma is prepared to support a full ban on e-cigarettes if the proposal comes from the government. Industry and Trade Minister Anton Alikhanov has voiced support, calling for a complete ban. Lawmakers have already drafted a bill targeting the circulation and production of e-cigarettes and related equipment.
Jun.04 by 2FIRSTS.ai
World Vape Show Dubai 2025: Flip-Cap Vapes Emerge as Top Trend with Rotating Mouthpiece Tech
World Vape Show Dubai 2025: Flip-Cap Vapes Emerge as Top Trend with Rotating Mouthpiece Tech
E-cigarettes with flavor switching feature showcased at World Vape Show Dubai 2025, offering users a variety of e-liquid options.
Jun.30 by 2FIRSTS.ai