Cost Benefit and Public Finance Model of Smoking, Version 2.2

40 3 Introduction This document provides an overview of the structure and workings behind version 2.2 of the Cost Benefit and Public Finance Model of Smoking commissioned from Landman Economics by ASH (referred to in this document as the CBPF model) and also presents headline results for the cost of smoking to the economy and public finances of the UK and its constituent countries (England, Scotla. [...] Section 7 presents estimates from the model for the cost of smoking to the UK economy and the public finances in 2023, and the gains from implementing policies recommended in the recent report by the All-Party Parliamentary Group on Smoking and Health (2023). [...] The majority of the funding came from the British Heart Foundation and Cancer Research UK, with additional funding for some of the components of the Model provided by the Department of Health and Social Care. [...] 3.4 Modelling the impact of changes in tobacco taxation on smoking prevalence and tax receipts The estimate of the impact of changes in the level of tobacco taxation on smoking prevalence and tax receipts uses the same methodology as the original public finance model as set out in Reed (2010), Section 3.1. [...] Over the six years between 2024 and 2029 the modelled policies are forecast to reduce the cost of smoking to the public finances in England by just over £2.2 billion, and to reduce the cost of smoking to the economy and society in England by just under £37 billion, summing the impacts across all six years.