THE SUN: THE price of a pack of cigarettes will have risen by 90p after a hike was confirmed in the government's Autumn Statement.
On Wednesday in the House of Common, Chancellor Rachel Reeves revealed a range of plans relating to tax rises, benefits and pension payments.
The Chancellor said that tobacco duty would increase by the standard Retail Price Index (RPI) - a measure of inflation - plus 2%.
The government used the RPI rate of 3.65%, which is the Office for Budget Responsibility's forecast for the inflation rate in quarter two of 2025.
It means the cost of a 20 pack will rise by 5.65% - or 90p - at 6pm this evening.
The average price of a 20-pack of cigarettes in September was £15.88, according to the ONS - and it will rise to £16.78 tonight. » | Olivier Marshall, Senior Consumer Reporter | Wednesday, October 30, 2024
Showing posts with label tobacco tax. Show all posts
Showing posts with label tobacco tax. Show all posts
Wednesday, October 30, 2024
Sunday, October 02, 2016
Smokes, Red Heads and Free Speech
Leyonhjelm the Lone Voice Opposing Tobacco Hikes
Dodgy data »
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