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Budget 2021: How cigarette prices are impacted by today's tax hikes
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dailyrecord.co.uk
dailyrecord.co.ukThe price of a 20-pack is set to soar after the Chancellor revealed a tax hike as part of the latest Budget.Smokers will feel the pinch on their purse strings as the price of a packet of cigarettes will hit a huge £13.60 from tonight.
The increase sees the price of a 20-pack jump by 88p from 6pm this evening - October 27. The cheapest cigarette option has risen from £9.10 for a 20 pack to £9.73 under the new rules.
It is not only cigarettes that will see an increase as rolling tobacco will also be affected - it goes up at a faster rate than readymade cigarettes.
The cost of a 30g bag will jump from £8.14 to £9.02 - a jump of 89p.Duty rates on all tobacco products will increase by RPI inflation plus 2% and hand-rolling tobacco by RPI plus
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