Smoking
Lords · Question HL6898 · Tabled 25 Apr 2025 · Treasury · Official record
Answered 12 May 2025
Question
Asked by Lord Rennard
To ask His Majesty's Government what assessment they have made of the impact of the pricing strategies of (1) under-shifting, and (2) over-shifting, by the tobacco industry on smoking prevalence.
Answer
Answered by Lord Livermore, 12 May 2025
Like most businesses across the economy, tobacco producers and retailers are free to set prices for their products. Evidence suggests that close to 100% of tax increases, and in many cases more, is passed through to consumers through prices. How this is d...