Major hike in cost of smoking and vaping coming this year - full details
Summary
The cost of smoking and vaping will increase substantially this year due to new regulations taking effect on October 1st. A one-off increase in tobacco duty of £2.20 per 100 cigarettes (or 50g of tobacco) will be implemented alongside a new Vaping Products Duty of £2.20 per 10ml of e-liquid. This aims to maintain a price difference between the two, incentivizing smokers to switch to vaping as a harm reduction strategy. The government is also enacting the Tobacco and Vapes Bill, which includes a ban on selling tobacco to anyone born after January 1, 2009, effectively raising the smoking age annually. Revenue generated from these measures, estimated at over £500 million annually by 2028, will be allocated to public services like the NHS and stop-smoking initiatives. The government is also considering banning cigarette filters due to their environmental impact and lack of health benefits.
(Source:Essex Live)