Gen Z is smoking and drinking less and that's cost the UK government $17 billion, says Bloomberg
Falling revenue from alcohol and tobacco could pose a headache for the Chancellor, Jeremy Hunt, who is trying to address a £27.6 billion deficit in Britain's public finances. The equivalent of the Treasury Secretary also facing falling tax income from gasoline and diesel taxes as more EVs are sold.
However, the analysis doesn't take into account the potential upside of falling alcohol and tobacco consumption in terms of reduced demand for the UK's public healthcare system. Alcohol-related harm is estimated to cost the National Health Service in England £3.5 billion a year.suggested the government was still coming off better from the current setup, with drinkers subsidizing non-drinkers to the tune of £6.5 billion .
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Altman calls Elon Musk 'a jerk' that 'does really care'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Sam Altman reportedly doesn't own any equity in ChatGPT creator OpenAISam Altman, who was already wealthy before starting OpenAI, reportedly doesn't own any equity in the company behind ChatGPT
Read more »
Amazon HR chief rejects petition against return-to-office policyRead the memo Amazon's HR chief sent rejecting employees' petition against the new return-to-office policy
Read more »
Succession: Your bad boss is a narcissist character on the HBO dramaWe asked psychologists to break down the toxic leadership styles of the Roy family on 'Succession' to help you deal with the narcissistic bosses you might encounter in real life
Read more »
How to plan for challenges when changing careers: expert adviceInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »