"UK Ministers Weigh Vaping Tax and National Insurance Cuts in Upcoming Budget"
The UK government is considering introducing a new tax on vaping products at the upcoming Budget, in an effort to address concerns about accessibility to young people and non-smokers. The proposed tax would be levied on the liquid in vapes, with higher rates for products containing more nicotine. Additionally, there are plans to increase tobacco duty to ensure vaping remains cheaper. The Treasury estimates that these measures could generate around £500m annually. This comes after recent announcements of a UK-wide ban on disposable vapes and stricter fines for retailers selling vapes to under-18s.