Rachel Reeves considers raising tax on vapes in autumn budget
October 18, 2024 by theguardian.com
Rachel Reeves considers raising tax on vapes in autumn budget
Rachel Reeves is considering raising the tax on vaping products in her upcoming budget due to concerns about youth vaping rates. The proposal follows a previous consultation by the Conservative government. Recent data shows a quarter of 11 to 15-year-olds in England have tried e-cigarettes. The move aims to curb youth vaping by making it less affordable. This tax increase could also lead to a rise in tobacco duty to prevent a shift to smoking. The government estimates this change could generate significant revenue for the exchequer. The potential redesign of the tax system aligns with broader public health initiatives such as restrictions on junk food adverts and energy drink sales to minors.
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