Rather than being able to buy them from a normal shop, they will now have to buy them on the black market from a seller who will likely also be selling stuff stronger than cigarettes.
This is always the main issue with outright bans, I agree.
Its not an issue our generation will have to deal with I dont thinkā¦tobacco will be sold for decades to come.
Invest in tabacco, alcohol and fossil fuels.
Canāt go wrong. the staples of the world economy.
BATS adds 900,000 new customers https://www.lse.co.uk/rns/BATS/2023-first-half-pre-close-trading-update-65j8u2w38hq82dx.html
Yeah, Prohibition doesnāt work, it didnāt work for Alcohol in the US in the past, arguably it doesnāt work for harder drugs now. It just leads to an increase in associated crime.
One more, the weapons.
Oh joy.
Gonna screw us all over if he does this.
This has been my top divi payer for years.
Iām basically intending to exit BATS for good once it gets to a decent price. Smoking, vaping, etc are always going to be a legacy area of business and Iām not convinced that tobacco companies have a longer-term future.
If you removed the UK market completely it wouldnāt make a dent on BATS revenue.
So no, Rishi isnāt going to impact the share price.
IMHO a backwards move for many reasons, lose of taxes, some people not smoking, some people moving to black markets and /or even less healthy or harder stuff, and another little step towards central planning of citizens lives by banning everything under the sun. Hope this doesnāt go far, but is worrying how thereās people that thinks this is right, after years of PR campaigns
And with FT putting the skull and crossbones on the page ⦠I think we know where they stand on this

We can change the topics.
Yeah I probably did that.
I always forget if it was Neil or NeilR who used to be the form admin
Not me, it was Neil B
Both Neils are awsome
Gonna be fun carding the 37 year olds in the future.