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Instead, the UK Government implemented a comprehensive anti-smuggling strategy while continuing to increase taxes

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In short, the manufacturers supposedly lesser impact of light (the inverted comma is obligatory) cigarettes on health is merely an illusion perpetrated for too long

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Jie Liang, sector lead for S&P Global Ratings structured finance ratings, noted that S&P's criteria include a set of stress runs, such as the cigarette volume decline test, the NPM adjustment stress test and the PM bankruptcy test