Top

Your shout: should we legalise and tax drugs?

As Sir Richard Branson proposes relaxing laws and regulating illegal drugs, let us know what you think.

The issue of legalising drugs is back on the political agenda. This follows an appearance by Sir Richard Branson before the Commons Home Affair Committee, where he argued drugs should be legalised, regulated and taxed.

Branson said that the 20% of police time and £200 million spent on prosecuting people for drug possession would be better spent targeting the gangs who supply the drugs.

He is the first witness to appear in front of the committee’s inquiry on drug policy.

Regulation and taxation of illegal drugs has been proposed periodically, although an inquiry 10 years ago, with David Cameron on the committee, rejected legislation and decriminalisation.

What do you think about legalising drugs? Could it be both a better way to control the supply and to raise much-needed revenue for the Treasury? Have your say in the Comments box below.

More: Pay as little tax as Tony Blair | Wine drinkers set to pay more tax

Most Recent


Comments



  • 29 January 2012

    Present policies do not seem to be working. Maybe it should be tried and taxed with money "Hypothecated" to the NHS. Could be for a trial period but could also be a bit of a Pandora's Box.

    REPORT This comment has been reported.
    0

  • 26 January 2012

    At last - even if it is coming from Richard Branson, I have been an advocate of legalising drugs for years. If it only reduces the crime rate associated with users stealing, mugging and shoplifting to get the money to buy the stuff it will be a success. As for the users of drugs, drink and tobacco - each to his own there is no secret regarding the degenerate use of any of these substances. An earlier post reccommends that abusers of any of these addictions should be charged for any related treatment, a wonderful idea. As for any of these users getting behind a wheel of a car or using heavy machinery, I thought there were already laws against this. If all the above were put into action the prisons would be less congested, the police would be able to target real criminals, the health service would not be so hard pressed and may be we could get our streets back.

    REPORT This comment has been reported.
    0

  • 26 January 2012

    Ooo yes please Evereddie ! I've often wondered and as a pensioner now a bit of free fun sounds good There's little else to look forward to

    REPORT This comment has been reported.
    0

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.