Cigarette and tobacco prices rise from 6pm today

The Chancellor confirmed within the budget that the cost of cigarettes has risen at all retailers today.

Tobacco tariffs rose at 6:00 p.m. on Wednesday October 27th by RPI inflation plus 2%. Meanwhile, the home-rolled tobacco rate rose by RPI inflation plus 6%. MirrorOnline reports.

The RPI was previously 4.9%, meaning that cigarettes were up 6.9% and rolling tobacco was up 10.9%.

Continue reading:Budget 2021 at a glance: the most important points after Rishi Sunak addressed Commons

This means that the most expensive pack of 20 cigarettes – discovered by The Mirror today – which cost £ 13.50, has increased 93p to £ 14.43. A package that hit £ 12.73 jumped to £ 13.60.

The cheapest pack of 20 cigarettes rose 61p from £ 8.80 to £ 9.41, while the cost of a 30g bag rose 89p from £ 8.14 to £ 9.02.

The tobacco tax on smoking serves a dual purpose: to encourage people to quit smoking and to raise funds for the government.

It is the first time this year that the Chancellor has raised the price of cigarettes and tobacco after it was cut in the spring budget in March. But the cost of cigarettes rose twice in 2020.

You can now get all the important news straight to your inbox by signing up for our free WalesOnline newsletter.

It only takes a few seconds to register – just click here, enter your email address and follow the instructions.

The first increase came in the March budget, when tobacco tax was raised another 2% above the then inflation rate of 1.8%.

The move added 27p to the average price of a pack of cigarettes.

Another increase in November 2020 brought an additional 22 pence to a pack of 20 cigarettes and 65 pence to a 30 g pack of hand-rolled tobacco.

The price for a pack of 20 cigarettes in supermarkets varies between £ 8.80 and £ 13.50.

Simon Clark, director of the Forest smoking lobby group, said, “Smokers are fed up with being targeted by tobacco tax inflation hikes every year.

“The majority of smokers come from poor backgrounds.

“Many have suffered financially from the pandemic and shouldn’t face another surge in tobacco prices when they can least afford it.”

A spokesman for the Association of Tobacco Manufacturers added: “The UK government’s own figures show that tobacco smuggling has cost over £ 48 billion in lost taxes since 2000.

“Today’s tariff increases will only incentivize criminals as the price gaps between legal and illegal products widen. It is vital that HMRC continue to fight illegal tobacco sales.”

The Chancellor’s announcement comes after menthol and flavored cigarettes were banned last year to curb social smoking.

Menthol cigarettes, along with thin cigarettes and flavored rolling tobacco, were banned in May when the law came into effect.

For the latest email updates from WalesOnline, click here.

.

Leave a Comment