Another year, another budget, another increase in the price of cigarettes. In the 2012 budget, announced by the Chancellor George Osborne last month, the price of a packet of cigarettes saw an increase of 37 pence – 5 per cent above the rate of inflation.
This latest increase in price confirms that the price of cigarettes shows no signs of slowing. Taking into account the recent budget announcement, the price of cigarettes has gone up by over 80 pence per packet in the past two years; taking the price of premium tobacco brands to around £7.30 per pack. The 37 pence increase alone will leave a 20-a-day smoker over £135 worse off.
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