BUDGET 2012: Price of cigarettes to go up 37p from 6pm TONIGHT while beer and wine to rise by nearly 6%
Daily MailGeorge Osborne shocked smokers with a higher than expected hike in the duty on cigarettes today. Drinkers will also face added pain with the Chancellor confirming that alcohol will be subject to a rise in duty of 5.7 per cent – this will see the price of a pint of beer rise by an average 5.4p, effective from March 26. Drinkers and smokers have faced steep increases in duty in recent years after the 2010 Budget set two years of rises at inflation plus two per cent. The 'sin taxes' come despite official inflation figures showing that prices of alcohol had leapt by 2.6 per cent in February — the biggest ever increase for the month. Key beer facts: British Beer & Pub Association Average new price of a pub pint of lager - £3.17 Increase in the price of a pint - 5.4p New duty on a 5 per cent pint of beer - 55.4p New typical VAT on a pub pint - 52.9p Beer Tax increase since March 2008 - 42.2% British Beer Tax, times higher than France - 9 British Beer Tax, times higher than Germany - 12 Alcohol duty rises, per pub - £2,800
History of this topic
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