Tobacco: Excise Duties
Lords · Question HL7692 · Tabled 20 May 2025 · Treasury · Official record
Answered 3 Jun 2025
Question
Asked by Lord Rennard
To ask His Majesty's Government what assessment they have made of the extent to which tobacco industry pricing strategies undermine the objectives of the minimum excise tax and tobacco excise tax to reduce smoking prevalence.
Answer
Answered by Lord Livermore, 3 Jun 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...