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Friday, 12 March 2010

ASH sets the Budget



It's really all about the money isn't it. This little snippet from the ASH site.

We also believe that the Government should, in addition, increase tobacco prices this year by 5% above the projected rate of inflation through taxation. The attached report for ASH models the impact both in terms of the impact on public finances and economic benefit from such a tax increase and finds that government revenues will increase by over £500 million a year, amounting to £2.6 billion over five years. These benefits arise from the following revenue streams set out in the table below:

Increased revenue from tobacco taxation;

Reductions in healthcare costs;

Increased tax receipts from additional years of working life;

Increased tax receipts from reduced absenteeism;

Reduced spending on benefits relating on benefits related to sickness and disability; taking into account

Increased spending on state benefits for retired people.

Here is the link. Don't go there if you have high blood pressure.

Insufferable prigs


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