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Smoking Costs UK £5 Billion A Year

According to a study made on the impact of tobacco on our economy and health in the UK, tobacco use is costing the economy in the region of £5 Billion a year - more than £500,000 per hour.

Economists reached calculations by taking into account health care and indirect costs previously excluded from government studies.

• UK annual tobacco related health care costs
• Productivity and absenteeism (lost earnings)
• Premature deaths (lost taxes)
• Tobacco smuggling (lost taxes)

Lost revenue from excise duty, missed taxation and health costs is estimated to cost considerably more than just the £1.58 billion originally quoted.

The Irish economy suffered a tobacco cost of €650 million in 2007.

Worldwide tobacco use cost economies over £290 billion in just 1 year.

Governments still show no signs of stopping future tobacco sales despite pressure from health and anti-smoking groups.

Alternative smoking devices are appearing more widespread. The sale of electronic cigarette kits and disposable cigarettes is benefiting the economy by creating employment opportunities and generating tax on sales and wages.

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