The Labour party pledges tobacco levy if wins power next year

September 23, 2014 2:38 PM

21 0

The Labour party pledges tobacco levy if wins power next year

MANCHESTER England (Reuters) - The Labour party said on Tuesday it would introduce a U.S.-style "sin tax" on tobacco firms if it wins a national election next year, sending shares in the leading cigarette groups lower on the day.

Labour leader Ed Miliband made the pledge in a speech to his party's annual conference which he hopes will help him persuade sceptical voters he is prime ministerial material and can win power next May.

Read more

To category page

Loading...