British American Tobacco chief embraces new UK vape tax
March 06, 2024 by ft.com
British American Tobacco chief embraces new UK vape tax
The chief executive of British American Tobacco has endorsed the UK’s plans for a vaping tax, claiming the cigarette maker has learned to “love regulation”. Asked if he endorsed a vaping duty, BAT chief executive Tadeu Marroco told the Financial Times: “I think that could be a good idea, I think that we need more regulation”. “A lot of people confuse that we are an industry that hates regulation, that’s exactly the opposite: we love regulation,” he added.
12.90% of the adult population are current smokers. There are approximately 7.2 million current smokers in United Kingdom 14.60% of men are current smokers but only 11.20% of women.
SOURCE: GSTHR
