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News analysis

UK tax increases raise prices of tobacco, including heat-not-burn consumables

Written by || 21st March 2023 || News analysis | Heated tobacco | Politics & policy | Tax | GeographiesEurope United Kingdom

UK consumers are facing a considerable hike in the price of all tobacco products following the Spring Budget outlined last week by chancellor (finance minister) Jeremy Hunt.

“The government is committed to maintaining high tobacco duty rates. This is an established tool to reduce smoking prevalence and ensure that tobacco duties continue contributing to government revenues,” the Treasury stated.

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Antonia Di Lorenzo

Newsdesk editor/EU lead reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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