questionText: To ask the Chancellor of the Exchequer, with reference to page 42 of the Institute of Fiscal Studies' report entitled The outlook for the public finances in the new parliament, published on 10 October 2024, if her Department will make an assessment of the potential implications for its policies of the Office for Budget Responsibility's estimate of the impact of the generational smoking ban on revenue from tobacco excise duty by 2060.
answerText: The Government is committed to delivering its two key objectives on tobacco duty; to raise revenue and protect public health. High taxes reduce the affordability of tobacco products and supports the Government’s objective to reduce smoking prevalence. The...
heading: Tobacco: Excise Duties