Altria now up almost 8% in New York! |
Nice lift off the back of that and one of just a few I hold today that is looking healthy.
Good luck all 👍🏻 |
Altria is up 6.5% so far after earnings
Being listed in the UK truly stinks, the FTSE and those funds that invest in it are the worst! |
My portfolio suffered a lot in last week sell off. But so long I get 6% yield should be fine |
Who's knows, but the FTSE 100 looks weak, surprised it's held so well after the budget.Good, bad and ugly all get hit, if sell off materialised. |
Cigarettes and vapes will always be tax targets as governments constantly seek revenue, shielded by their public health objectives. The health dimension will however drive the impetus of taxation more heavily against cigs than vapes, to the relative detriment of the cigarette heavy companies. i.e. less of a headache for BAT than for others as time goes by.
Governments must also fear exceeding the maxtax point where further tax increases will divert consumption to a burgeoning illegal market, increasing profits for criminal gangs whilst decreasing revenue for government. Pragmatism will hold governments in check. |
Do you think 2550p b4 or after exd pls? |
 I have found this article from 11 March 2024 and included some extracts from it. The link will probably not work but you may be able to track it down on google from its title. I am unsure whether the proposed rates will still apply but suspect that they will :-
UK Vape Duty Tax: Everything You Need To Know | Royal Flush Vape
Summary: UK Government announced a tax on vapes in their 2024 Spring Budget. E-liquids will be taxed in on the 1st October 2026 by £1 per 10ml if nicotine free, £2 per 10ml if up to 10.9mg, or £3 per 10ml if 11mg or stronger.
How much will vapes be when taxed?
As it stands, the excise tax on vaping will raise £120 million in 2026-7 rising to £445 million by 2028-9. The UK government propose three separate tax categories which include both nicotine containing and nicotine free liquids as follows:
• £1.00 per 10ml for nicotine free liquids,
• £2.00 per 10ml on liquids that contain 0.1-10.9mg nicotine per ml, and
• £3.00 per 10ml on liquids that contain 11mg or more per ml.
• In addition to the new tax on e-liquids, the UK government will also introduce a one-off tobacco duty increase of £2.00 per 100 cigarettes or 50 grams of rolling tobacco which will see the standard 20 packet of cigarettes rise by a further £0.40.
Although it's difficult to work out exactly how much vapes will be once taxed, ….. |
Tax will be going up each year now, easy target. |
Vape producers will be able to sell vapes that are below 10ml and not be subject to the tax? Is that correct? |
I think we will see Bats in the 2550 again, it's just markets look weak. |
The best ISA holders could have hoped for was a freeze on allowances, and thats what we got..
5.58 Individual Savings Accounts, Lifetime ISA, Junior ISA and Child Trust Fund Allowance – Annual subscription limits will remain at GBP20,000 for ISAs, £4,000 for Lifetime ISAs and £9,000 for Junior ISAs and Child Trust Funds until 5 April 2030.
Worst case was a ceiling and a cutoff for IT/CGT threshold, so we have done well.. |
It was inevitable that vapes would eventually be taxed. We do not know what the flat rate duty on vapes will be (from October 2026), but it is essential that the differentials are such that they drive switching to the much safer vaping option.
The UK market is small but can set the scene for others to follow, encouraging global legislators to slant taxation in favour of smokers switching to a healthier vaping alternative. |
Fortunately the UK isn't very important! |
The main winners today from the budget were the gambling companies that got off unscathed.House builders popped and then went down after the full budget details were revealed.The proposed £2.20 flat tax levy on 10 ml vape liquid didn't help but could've been worse i suppose. |
BATS drops from the day high during the budget but IMB does the opposite. |
LLB - don't forget the new red tape, sick pay from day one etc....
I have been speaking to a joiner who has stopped employing anyone for the reasons you mention above.
Worst affected will be the "apprentices" who only cost him money and could walk as soon as they thought they had enough experience. |
Anyway, a Trump win will be very good for BATS as the market there is what matters way more to the company, not broken Britain lol |
Liz truss crashed the bond market and the Pound ...
Rachel will crash the economy in its entirety!
Who is going to employ youngsters for an extra £2500 per year (new minimum wage)? Youth unemployment will soar as no business wants to take the risk and then not be able to get rid of them (thanks to Angela's new workers protections) |
I think healthcare, house builders and large construction firms might get a bump from the infrastructure investment promised but apart from that not a lot. |
What will Red Rachel do to markets today lol |
2550p here we come if Reeves to tough on capital gains etc. |
Tornado
Yep, the National debt is the elephant in the room in many places, not just USA.
Doesnt matter who wins the presidency, the US Nat Debt will keep on rising.
Being world's policeman and paying for Europes defence cost money.
likewise for UK as we close in to £3trillion in official nat debt. No worries about all those off balance sheet liabilities which arent underpinned by payers in now because most newcomers are withdrawing at the front end(not paying in for 40-50 years) thereby propping up the NHS ponzi, the welfare ponzi, the Pension ponzi and general public sector largesse. |
Redbaron, from my view a lot depends on how the US economy develops in the next few years. In the last Trump Presidency (prior to covid), he was a strong supporter for US wealth and the NASDAQ. He is pretty much continuing where he left off, but the elephant in the room is the trillion of $ debt.. When this come to roost and not dealt with, then things could become very scary indeed, but for the complete world institutions. A lot of risks/life pressures for us all moving fwd, but that, for me, means smoking will be here for many decades to come. I am long in both BATS & IMB |
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