Qualified advisers answering your
Financial Questions
call 0800 092 1245

Smoker's market to struggle after ban

After the public smoking ban comes into effect in July, not only will tobacco sales drop, but alcohol spending will also see a decline, according to expert predictions.The Centre for Economic and Business Research (CEBR) calculates that England's forthcoming smoking ban will cause a three per cent drop in spending on both tobacco and alcohol.After scrutinising previous data, CEBR has concluded that the market for both substances will fall by over three per cent in the third quarter of 2007, reaching an annual nadir in the fourth quarter of the year, when a 3.5 per cent decline in sales is estimated.Winter months are forecast to magnify market woes as 'social smokers' will find smoking outside off-putting.CEBR says that recent spending in these sectors has already seen a decline, but the drop in sales after July may be enough to rattle pubs and clubs. Jonathan Said, senior economist at CEBR, commented: "Virtually all parts of the hospitality sector are going to be affected to a greater or lesser extent by the forthcoming smoking ban."However, while some companies have made concerted efforts to understand the likely impact and plan around it, others are likely to face a shock come July 1st."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details