Tobacco and alcohol duty
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Nothing new here, as tobacco continues to rise at two percentage points above the retail prices index (RPI) measure of inflation, while alcohol goes up in line with RPI.
RM: Putting up taxes on harmful products each year is essential for the chancellor, as falling consumption of tobacco in particular shows revenue going down every year.
View full link: https://www.theguardian.com/uk-news/2025/nov/26/budget-2025-key-points-rachel-reeves