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£4.5bn black market cigarette tax loss should be 'a major wake-up call' for Labour

Over half of cigarettes smoked in the UK are black market and are contributing £4.5bn to the country's tax losses - a record high - according to new analysis from KPMG and tobacco giant Philip Morris.

Raccontata dacityam.com

Timeline cronologica

  1. giovedì 4 giugno 2026·cityam.com

    £4.5bn black market cigarette tax loss should be 'a major wake-up call' for Labour

    Over half of cigarettes smoked in the UK are black market and are contributing £4.5bn to the country's tax losses - a record high - according to new analysis from KPMG and tobacco…