Why ‘sin taxes' could play a significant role in Britain's high-stakes budget [CNBC]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
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Source: CNBC
speculation about how hard Labour's measures will hit “working people” and the extent to which the government intends to borrow to support investment. Prime Minister Keir Starmer has warned it's time for the world's sixth-largest economy to “embrace the harsh light of fiscal reality” and run toward “tough decisions.” Among a litany of measures designed to raise billions of pounds, Reeves is reported to be considering a sin tax raid. Britain's Labour government appears poised to raise “sin taxes” in its highly anticipated October budget as it seeks to cash-in on lucrative industries to bolster Treasury revenues. U.K. Finance Minister Rachel Reeves is scheduled to deliver the government's budget on Wednesday afternoon, bringing an end to months of speculation about how hard Labour's measures will hit “ working people ” and the extent to which the government intends to borrow to support long-term investment. Prime Minister Keir Starmer has warned it's time for the world's sixth
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BTI
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- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- BTI's page on the SEC website