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The report states that the electronic cigarette industry boosted the British economy: taxation, employment and reducing medical costs

The report states that the electronic cigarette industry boosted the British economy: taxation, employment and reducing medical costs

2022-11-30

New Consumer Report of Blue Cave, November 30th, according to foreign news reports, according to a new report prepared by the British Electronic Cigarette Industry Association (UKVIA) on behalf of the Economic and Commercial Research Center (CEBR) Great positive influence.


By 2021, the British electronic cigarette industry is worth 2.8 billion pounds (US $ 3.36 billion), and supports nearly 18,000 full -time jobs in the retail, manufacturing and supply chain field.


In addition, the report stated that in 2019 alone, the smokers gave up cigarettes and used the less harmful e -cigarettes to save more than 300 million pounds for the National Health Service (NHS).


Although many companies have been hit hard in recent years, electronic cigarette retail stores have become one of the fastest growing industries since the first decade of the 21st century.


From 2017 to 2021, only last year, the turnover of the British electronic cigarette industry increased by 23.4%to 1.33 billion pounds. When considering the indirect economic benefits of the supply chain support and the consumption capacity of the e -cigarette industry, the economic impact will be more than doubled.




In 2021, the electronic cigarette industry paid 310 million pounds of taxes to British finance.


CEBR estimates that the electronic cigarette industry has saved £ 322 million in smoking -related medical care costs in 2019. The research institution estimates that if 50% of the smokers use electronic cigarettes, the potential medical care costs of 2020 will reach £ 698 million.


At the same time, in 2019, the economic productivity income related to the smokers is estimated to be 1.3 billion pounds. According to the study, if 50% of the remaining British smokers switched to electronic cigarettes, this will increase to £ 3.33 billion.


The CEBR Economic Consultation Director Owen Good said: The results of the first economic impact report in the e -cigarette industry have shown that it has achieved great success as a rapidly growing subversive industry.


"Although many high -street retailers have suffered losses in recent years, the electronic cigarette industry has increased against the trend and has increased significantly in the store and the Internet. Even the impact of great popularity has not significantly hindered the industry's growth."


"The growth of the industry is very beneficial to the British economy; companies and employees who directly participate in the industry, as well as companies and their employees that develop business in a wider range of supply chains; and NHS, as more and more smokers have changed With electronic cigarettes to quit their habits, NHS saves a lot of costs. "


UKVIA Director -General John Dunn said in a statement: In just over ten years, electronic cigarettes have developed from a very 'family hand industry' to not only the retail industry, but also the fastest economic growth industry one.


"There are more people using electronic cigarettes than ever. From all aspects, this is a real British success story. It creates employment and wealth. It has created valuable income for the government through taxation. At the same time, through the following methods It saves NHS more than 300 million pounds from smoking to electronic cigarettes. "


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