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.

Kyrgyzstan: Jogorku Kenesh committee sends draft vape ban bills back for revisions
Kyrgyzstan: Jogorku Kenesh committee sends draft vape ban bills back for revisions
Kyrgyzstan Jogorku Kenesh committee on labor, health, women’s affairs and social issues decided to withdraw for revision two draft laws related to banning electronic nicotine delivery systems and e-cigarettes in Kyrgyzstan.
Jan.14 by 2FIRSTS.ai
China Business Journal Reports: Multiple New E-Cigarette Policies Enter Public Consultation Phase in China, Covering Capacity Control and Credit Management
China Business Journal Reports: Multiple New E-Cigarette Policies Enter Public Consultation Phase in China, Covering Capacity Control and Credit Management
China Business Journal, citing a review of policy documents released by the State Tobacco Monopoly Administration in early 2026, said China’s latest e-cigarette rules target credit-based regulation, capacity controls and national standards revisions.Alan Zhao, co-founder of 2Firsts, said tighter oversight will speed consolidation, curb noncompliance and reduce destructive competition.
Jan.12 by 2FIRSTS.ai
UK vape firm Plxsur sold for £76,500 after touting $1 billion revenue target
UK vape firm Plxsur sold for £76,500 after touting $1 billion revenue target
London-based vaping company Plxsur, which had claimed in fundraising materials it could reach $1 billion in annual revenue and capture about 10% of the global vaping market, has been sold out of administration for £76,500. Administrators said the figures were aspirational and depended on acquisitions that were never completed, as the company later ran out of cash and entered insolvency, with a shareholder ultimately buying the business.
Jan.22 by 2FIRSTS.ai
2Firsts “Decisive 2026” Concludes: Reviewing the 2025 U.S. Market and Mapping Compliance Pathways Ahead
2Firsts “Decisive 2026” Concludes: Reviewing the 2025 U.S. Market and Mapping Compliance Pathways Ahead
2Firsts hosted “Decisive 2026” in Shenzhen, bringing together industry perspectives to examine major shifts in the U.S. new tobacco market in 2025 and their global implications. Sessions covered U.S. market dynamics, technical insights from recently PMTA-authorized products, an investor lens on tobacco capital markets, and 2025 news/product highlights. The event underscored a structural shift from “gray business” toward compliance and sustainable growth, expected to become clearer by 2026.
Jan.09
Product | Full-screen display and 10K puffs: IVG launches new Pro-series pod vape in the UK
Product | Full-screen display and 10K puffs: IVG launches new Pro-series pod vape in the UK
E-cigarette brand IVG has recently rolled out the IVG Pro 2 across several UK online retailers. The device is compatible with IVG Pro pods and comes in 33 flavours with nicotine strengths of 0mg, 10mg and 20mg. Channel listings show a 2ml prefilled pod paired with a 10ml refill container, with pricing around £9.99.
Feb.02 by 2FIRSTS.ai
Vietnam Ho Chi Minh City police seize 28,657 illegal vape-related products worth over US$182,400
Vietnam Ho Chi Minh City police seize 28,657 illegal vape-related products worth over US$182,400
Police in Ho Chi Minh City, Vietnam say they dismantled a large illegal vape distribution ring led by 29-year-old Nguyễn Ngọc Quốc Uy, who allegedly built a concealed “secret room” to hide contraband. Officers seized 28,657 items valued at more than VND 4.8 billion (about US$182,400).
Feb.04 by 2FIRSTS.ai