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October budgetCNBC
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82% Informative
Britain 's Labour government appears poised to raise "sin taxes" in its highly anticipated October budget.
Finance Minister Rachel Reeves is scheduled to deliver the government's budget on Wednesday afternoon .
Among a litany of measures, Reeves is reported to be considering a sin tax raid.
Sin taxes refer to taxes on harmful goods such as alcohol and cigarettes, as well as the gambling sector.
Tobacco stocks have been "quite beaten up relative to where we think they should be worth," Field said.
"Is this a silver bullet to fix the budget deficit? Probably not. It's one part of a whole jigsaw that will eventually get them some way to where they think the deficit is," he said.
VR Score
86
Informative language
86
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55
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formal
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English
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56
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4
Source diversity
2
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