LONDON, November 22, 2017 /PRNewswire/ --
Giles Roca, Director General of the TMA said:
"Tobacco prices have increased by around 70% since 2010 including in effect three increases already this year thanks to the March budget increase, the ban on small packs and the introduction of a minimum excise tax. Today's announcement will simply lose taxpayers money, push ever more smokers to avoid paying UK duty and boost the black market and the criminal gangs that operate it. The most effective way to get smokers to quit is not high tax but the development of new products such as e-cigarettes. Also, such an increase, just before the crucial Christmas trading period, will significantly impact on retailers including many corner shops for whom tobacco makes up around 35% of their business."
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Notes to Editors
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