Pack of cigarettes to rise as Rachel Reeves reveals tobacco hike

THE terms of a battalion of cigarettes volition emergence aft a hike was confirmed successful the government's Autumn Statement.

On Wednesday successful the House of Commons, Chancellor Rachel Reeves revealed a scope of plans relating to taxation rises, benefits and pension payments.

The Autumn Statement provides an update connected the government’s plans for the economy.

These are issued doubly a year, erstwhile astatine the Budget successful the spring and erstwhile astatine the Autumn Statement.

Ms Reeves presents the plans for the next twelvemonth during a code successful the House of Commons.

Rolling baccy and readymade cigarettes volition some spell up successful price.

But the terms of a battalion of cigarettes is besides acceptable to spell up.

Speaking successful The Commons, Ms Reeves said: "I tin corroborate that the authorities volition renew the Tobacco Duty escalator for the remainder of this Parliament astatine RPI+2% and summation work by a further 10% connected hand-rolling baccy this year."

The existent terms of Cigarettes 20 king size filter stands astatine £15.88, according to the ONS.

Tobacco work rates automatically emergence each year.

It is simply a taxation charged to companies making oregon importing cigarettes successful the UK.

When the taxation is raised, the outgo is passed connected to consumers who person to wage much for baccy products successful the shops.

The terms of cigarettes usually increases with ostentation each twelvemonth unless the Chancellor intervenes to frost the rates.

The previous summation was revealed earlier this twelvemonth successful March, which saw the terms of a battalion of cigs summation to mean of £16.

It followed a one-off summation of £2 per 100 cigarettes oregon 50 grams of tobacco.

The RPI is simply a measurement of ostentation that's published monthly and is utilized to measurement the alteration successful the outgo of retail goods and services.

Taxing baccy is simply a immense revenue-raiser for the government, with £10.7billion collected successful 2022, which was 1.2% of the full taxation taken.

The chancellor besides confirmed a prohibition connected disposable vapes from JUne 2025.

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