Yup, UK doesn't do hypothecated taxes. In any case, if they do this correctly it should be revenue neutral because the only possible justification for this - th

Yup, UK doesn't do hypothecated taxes. In any case, if they do this correctly it should be revenue neutral because the only possible justification for this - the one used by all the public health activists - is there are negative externalities which need to be compensated for, which makes this a Pigouvian tax [0] and PTs are supposed to be revenue neutral (though see the wiki for the huge amount of complications in making this so). [0] https://en.m.wikipedia.org/wiki/Pigovian_tax https://en.m.wikipedia.org/wiki/Pigovian_tax