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Future of tobacco
Hello all,
I'm Stuart and live in the UK, have recently returned to pipe smoking after a 6year break. Am pleased to be back and have recently joined the forum so good to meet you all.
Have been having a look at the tax from tobacco products in the UK today seems like the UK makes 8.8 billion £ per year from tobacco tax, to give some context that is in comparison to 11 thousand million from alcohol. The biggest tobacco export seems to be from British America Tobacco to Turkey, and Gawith Hoggath is turning a £1,000,000 profit per year. What do you think the future of the smoking market will be? I have it on good authority that in the states the market has been rising for the past 5years in terms of pipes and tobacco sales... although there are places which have banned the sale of tobacco (I think it was Beverly Hills which will be coming in soon), and Australia which has had the huge price hike to $125 for 50g tins of pipe tobacco... Internationally it seems like a bit of a mixed bag, I'm wondering what the savings are to the health economy of attempting to reduce smoking vs tax income from tobacco products? Also, with the push towards electronic cars there will also be the factor of reduced tax from fuel which in the UK is currently around 60p per litre so another factor that the government would need to consider, all this in the current climate of reduced economic growth and expenses due to Covid. Interested to hear others thoughts, ideas and any suggested reading on this?
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