Those who enjoy fizzy drinks, cigarettes and wine will be hit by tax changes announced in the 2016 Budget – but taxes on cider, beer, whisky and other spirits have been frozen.
The tax on beer will fall by 1p and the duty on cider and spirits will be cut by 2% from 23 March, but smokers will be hit by higher prices from tonight, the Chancellor George Osborne has today announced.
Smokers will be hit by higher prices as the Chancellor announced increases in tobacco duty in today's Budget. Meanwhile, the price of beer will fall by 1p.
Pensioners were the big losers from today's Budget, with the news 4.4 million will pay more tax from April 2013, at an average loss of £83 each per year. This has been dubbed the new 'Granny Tax'.
Smokers will be hit by higher prices as the Chancellor announced increases in tobacco duty in today's Budget. Meanwhile, the price of alcohol will rise next week.
21 March 2012
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