ASH Daily News 8 November 2017
- Westminster pension fund invests in tobacco industry
- Imperial Brands increases vaping efforts as revenue continues to fall
- HMRC publishes draft legislation for tobacco manufacturing licence scheme
- Yorkshire: Council will help fund no-smoking zones in Craven public places
- North East: Record seizure of illicit tobacco in Newcastle
- Scotland: Border Force stubs out attempt to smuggle in 160,000 cigarettes
- Singapore: Legal smoking age to be raised gradually to 21
Westminster pension fund invests in tobacco industry
The pension fund for UK MPs has invested £5.6m in British American Tobacco, reports have revealed.
Deborah Arnott, Chief Executive of public health charity ASH, said that MPs would be ‘disturbed’ to find that their fund was investing in the tobacco industry, which ‘causes so much preventable illness and misery.’
The overall fund was valued at £621m in March 2016. It began listing its investments following a campaign by Green Party leader, Caroline Lucas.
Source: Financial Times, 7 November 2017
Imperial Brands increases vaping efforts as revenue continues to fall
Imperial Brands has announced plans to increase its activity in the e-cigarettes and heat-not-burn markets, following disappointing share earnings and revenues.
Various favourable currency moves have buoyed the company’s revenue figures. However, excluding this factor, revenue fell by 2.6%, due to falling cigarette sales. Meanwhile, earnings-per-share were 1.5% lower than the company’s target.
However, Imperial’s shares raised by 2.5% following its announcement of new vaping and heat-not-burn activity. The company intends to begin small-scale testing of heat-not-burn products, as well as launching several new vaping products.
Source: Independent, 8 November 2017
HMRC publishes draft legislation for tobacco manufacturing licence scheme
HMRC has published draft legislation to regulate a licensing scheme for tobacco products manufacturing machinery. The legislation is now open for consultation until the 5th December.
The Finance (No. 2) Bill 2017 includes powers to enact regulations stopping anyone from purchasing or using tobacco products manufacturing machinery without a licence
HMRC: Draft legislation: The Tobacco Products Manufacturing Machinery (Licensing Scheme) Regulations 2017
Source: Accountancy Live, 8 November 2017
Yorkshire: Council will help fund no-smoking zones in Craven public places
Public spaces in South Craven could go smokefree, following the launch of North Yorkshire County Council’ Smokefree Places Fund. The fund will provide materials, signs, and other support.
Mooted locations to go smokefree include play areas, or town squares. The council’s public health team hope an increase in smokefree spaces could denormalise smoking and reduce litter.
Source: Craven Herald, 8 November 2017
North East: Record seizure of illicit tobacco in Newcastle
The Trading Standards team in Newcastle has seized £50,000 worth of illicit tobacco following raids on three shops and two houses. In total 98,240 illegal cigarettes and 23kgs of hand rolling tobacco were taken away.
Trading Standards Manager, David Ellerington, said: “I’d like to thank the public for the information they provide. In many of these cases we could not find and make the seizures without help from the public.”
Source: Chronicle Live, 7 November 2017
Scotland: Border Force stubs out attempt to smuggle in 160,000 cigarettes
Border Force officers in Scotland have stifled an attempt to smuggle 160,000 illicit cigarettes into the UK through Grangemouth Docks.
The haul would have costed HM Treasury around £56,000 in unpaid tax had they been sold in the UK. Senior Border Force officer Colin Fraser said: “This is a significant seizure. By stopping the shipment our officers have starved those responsible of the proceeds of their criminality.”
Source: Falkirk Herald, 6 November 2017
Singapore: Legal smoking age to be raised gradually to 21
The legal age for smoking in Singapore will be gradually raised to 21, according to the nation’s Secretary for Health.
An amendment to Singapore’s Tobacco Bill means that the legal age will be raised year on year, reaching 21 in 2021. The Secretary for Health said, “Quitting is a journey and it will take time for smokers to successfully quit. The phased implementation recognises this.”
Source: Channel News Asia, 7 November 2017