Sin and consumption taxes, including taxes on tobacco and alcohol, cost low income people more than 37% of their income (as opposed to only 15% for richer Britons). Cutting these taxes can have significant benefits to the economy and lower the disproportionate burden on low income Britons.
ieaTV explores the effect of sin taxes in this new video, based on our paper Aggressively Regressive. To read that paper, click here.