10 December 2009

Too clever for his own good

What a sneaky trick. The Independent reports:
The cigarette and booze industries have been hit by a "hidden" excise charge this year, after the Government failed to cut the duty to make up for higher VAT.
There were no changes to alcohol and tobacco duty rates in yesterday's pre-Budget report, after they had been increased a year ago to offset the temporary reduction in VAT. Industry expects predict that the impact of VAT going back up to 17.5 per cent on 1 January and no respite in the burden on excise duties would add up to 18p on a packet of cigarettes and at least 6p on a pint of beer.

See that Darling fellow - he's just like the rest of the politicians.

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