• ABOUT
  • CONTACT
Air Herald
Air Herald
  • People & World
  • Pulse
  • Economy
  • Politics
  • Health
  • News
  • Basic

Breaking News

Die beste Abnehmlösung auf dem Markt, die fortschrittlichen Figur Kapseln, sind jetzt in Deutschland im Angebot
New medical breakthrough could aid lung cancer patients
Iran started injecting uranium gas into more than 1.000 centrifuges this midnight
Get Free Solar System Quotes in Kern County, California
Activist involved in anti-government protests in Hong Kong has been shot by police during a clash
According to Analysis, Smokers Bring Advantages to the UK Economy

Economy

According to Analysis, Smokers Bring Advantages to the UK Economy

@AirHerald_ economy, smokers, smoking, taxes, UK August 7, 2017

Think tank discovered that smoking translates into £15 billion due to tax revenues and public budget cuts due to premature deaths

“Taken together, Britain’s public finances would be £22.8 billion worse off if there were no drinking, smoking or obesity,” the Institute of Economic Affairs study quotes.

Latest free market IEA report estimated that the bad habit of smoking costs the government approximatively £4.6 billion, if taking into account treatments, streets cleaning and fire interventions.

On the other hand, the tobacco industry contributes to the economy with £9.5 billion a year, enabling the authorities to save up to £9.8 billion in pensions, health-care and fewer payments to smokers, as a consequence of their lower age expectation.

The IEA think tank pointed the finger at politicians, due to “scapegoating sin taxes” from smokers, drinkers and obese people, summing up £24.7 billion, costs that outweigh public taxes.

“We are constantly being told that people who choose to drink, smoke or eat too much are a burden on the UK taxpayer. This is one reason why we have seen such aggressive hikes in taxes on alcohol, smoking and very soon, a tax on sugar.”

“But the justification for these taxes is based on an illusion. Smokers, drinkers and those who are obese actually provide a net benefit to the public finances, so vilifying them is futile in the quest to make savings for the NHS. A careful consideration of the evidence shows that the popular belief that costs will fall if people live healthier and for longer is false.”

“While it’s good that we now have longer life expectancies, policymakers must now address how we tackle the financial consequences of the ageing population rather than pointing the finger elsewhere.” Christopher Snowdon, manager of lifestyle economics at the IEA concluded.

 

Source: telegraph.co.uk

 

1,817

Related Posts

US job growth likely slowed in August, but gains are enough to support the economy

Economy /

US job growth likely slowed in August, but gains are enough to support the economy

Huawei CEO says China shouldn’t punish Apple

Economy /

Huawei CEO says China shouldn’t punish Apple

Avon May Be Selling To Brazilian Cosmetics Group Natura

Economy /

Avon May Be Selling To Brazilian Cosmetics Group Natura

Crypto CEO dies holding the only passwords that could unlock millions of coins

Economy /

Crypto CEO dies holding the only passwords that could unlock millions of coins

How do you know a company’s culture fits your needs and personality?

Economy /

How do you know a company’s culture fits your needs and personality?

Apple revenue and profits are down as iPhone sales take a hit, but Apple services are flourishing

Economy /

Apple revenue and profits are down as iPhone sales take a hit, but Apple services are flourishing

‹ New Technology Will Enable Faster Ordering at McDonald’s › Sea Lice Chews Up Teenager’s Legs in Australia

Recent Posts

  • Die beste Abnehmlösung auf dem Markt, die fortschrittlichen Figur Kapseln, sind jetzt in Deutschland im AngebotDie beste Abnehmlösung auf dem Markt, die fortschrittlichen Figur Kapseln, sind jetzt in Deutschland im Angebot
    January 25, 2023
  • New medical breakthrough could aid lung cancer patientsNew medical breakthrough could aid lung cancer patients
    November 11, 2022
  • Iran started injecting uranium gas into more than 1.000 centrifuges this midnightIran started injecting uranium gas into more than 1.000 centrifuges this midnight
    November 7, 2019
  • Get Free Solar System Quotes in Kern County, CaliforniaGet Free Solar System Quotes in Kern County, California
    October 15, 2019
  • Activist involved in anti-government protests in Hong Kong has been shot by police during a clashActivist involved in anti-government protests in Hong Kong has been shot by police during a clash
    October 2, 2019
  • Ultra Keto Slim Australia – Major Discounts on the top Weight Loss Keto SupplementUltra Keto Slim Australia – Major Discounts on the top Weight Loss Keto Supplement
    September 27, 2019
  • Former French president, Jacques Chirac, dies at 86Former French president, Jacques Chirac, dies at 86
    September 27, 2019
  • Celebrity chef and restaurateur, Carl Ruiz, dies at 44Celebrity chef and restaurateur, Carl Ruiz, dies at 44
    September 23, 2019
  • Trump says he knows how to cut San Francisco’s homeless population in half, but California doesn’t see the same solutionsTrump says he knows how to cut San Francisco’s homeless population in half, but California doesn’t see the same solutions
    September 18, 2019
  • Kenya is the 3rd African country that outs out new malaria vaccineKenya is the 3rd African country that outs out new malaria vaccine
    September 16, 2019

Categories

  • Advertorial
  • Basic
  • Economy
  • Health
  • News
  • People & World
  • Politics
  • Pulse
March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Jan    

Back to Top

  • Cookies Policy
  • Privacy Policy
  • Terms and Conditions
  • CONTACT
© Air Herald 2020
https://smartprices.online/