Category: Drinking

Gen Z is smoking and drinking less and that’s cost the UK government $17 billion, says Bloomberg

Some younger people are shunning alcohol or not drinking it at all. Getty Images Lower levels of smoking and drinking by Gen Z has affected the UK public finances, analysis suggests. Bloomberg estimates the UK missed out $11.4 billion in tobacco tax and $5.7 billion in alcohol tax since 2002. “Sin taxes” bring in revenue for governments, but alcohol and tobacco also cause health problems….