What the Chancellor actually said was that tobacco duty would rise by 1% above inflation from midnight. As inflation is currently running at 3%, a figure also from the Budget speech, then the duty will rise by 4% at midnight.
After VAT, the tax on taxation, is added at 17.5% the rise becomes 5% increase to the price of one packet of fags which roughly equates to 30p.
Why isn't the BBC reporting that?
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1 comments:
Er, I'm only guessing here, but is it because they're Labour-biased snivelling cunts?
Sorry if I've got the wrong end of the stick.
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