Well we sinners mustn’t grumble, & I for one never really expected the Chancellor to remove the ‘off-setting’ rise in tobacco tax once VAT came back.
The manufacturers increase may however signal something of wider concern – it is of the order of 7 ½%
Further evidence perhaps for the Bank of England’s expectation that CPI inflation is likely to rise sharply to above the 2% target in the near term
Link
