Stat of the day: 21%

The percentage of cigarettes made from smuggled tobacco

by Elizabeth Anderson
Last Updated: 09 Oct 2013
One of the hot topics from yesterday’s budget was the tax on tobacco.  

The Tobacco Manufactures’ Association had argued that if the duty went up too much it would encourage the black market trade: the latest figures from the TMA suggest that 21% of cigarettes and 58% of handrolling tobacco consumption is non-UK duty paid, which means it’s either been smuggled into the UK or brought in from overseas and escaped paying tax to the Government.

But Chancellor George Osborne remained firm, sticking with a 2% above-inflation duty on tobacco products and raising the duty on handrolling tobacco by 10%. This brings a packet of economy cigarettes up by 50p and a pouch of handrolling tobacco to more than £7 - a decent reason to give up, if ever there was one.  

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Want to encourage more female leaders? Openly highlight their achievements

A study shows that publicly praising women not only increases their willingness to lead, their...

Message to Davos: Don't blame lack of trust on 'society'

The reason people don't trust you is probably much closer to home, says public relations...

Dame Cilla Snowball: Life after being CEO

One year on from stepping back as boss of Britain's largest advertising agency, Dame Cilla...

How to change people's minds when they refuse to listen

Research into climate change deniers shows how behavioural science can break down intransigence.

"Paying women equally would cripple our economy"

The brutal fact: underpaid women sustain British business, says HR chief Helen Jamieson.

Why you're terrible at recruitment (and can AI help?)

The short version is you're full of biases and your hiring processes are badly designed....