Gen Z clean living means £14bn in lost ‘Sin Tax’ for UK

Generation Z’s reputation for leading a monastic life – they smoke and drink much less than their predecessors – is becoming another problem for UK Chancellor of the Exchequer, Jeremy Hunt.

The decline in so-called “sin taxes” on tobacco and alcohol in recent decades has left a £14bn ($17.1bn) hole for the Treasury to fill as younger generations they switch from cigarettes to vaporizers and give up alcohol entirely.