-
Price of cigarettes could rise after Spring Budget
The cost of a packet of cigarettes could top £16 following tomorrow's Budget.
The Treasury is said to be considering a huge increase to tobacco duty in a bid to ensure a tax on vapes keeps smoking alternatives cheaper.
The average cost of a 20-pack of cigarettes is currently £14.39 - making Britain one of the most expensive places to smoke in Europe.
-
Fuel Duty freeze expected to continue
In a major win for The Sun's Keep It Down campaign, fuel duty is expected to stay frozen for a 14th year.
It comes after 40 MPs and peers wrote to Jeremy Hunt urging him to freeze rates and keep the 5p cut at next week's Budget.
In their letter, they warn: "It would be catastrophic for British motorists if fuel duty rises in line with inflation."
-
What was announced in the Autumn Statement?
- The biggest ever price hike for tobacco products
- A major win for The Sun's Save Our Sups campaign with alcohol duty frozen
- A major benefit change for renters on Universal Credit
- A £10,000 energy bill discount for Brits living near pylons
- A £192 income boost for self-employed workers
- A £470 payment boost for millions on Universal Credit
- Millions will be stripped of benefits under harsh new rules
- Nurses will save £500 in a personal income tax cut
- No fuel duty hike in huge relief for drivers
-
Jeremy Hunt expected to announce National Insurance cut
As part of the Spring Budget, Jeremy Hunt is set to reveal a two percentage point cut to National Insurance that will come into effect in April.
It'll see Class 1 NICs cut to 8% - down from 10%.
This change will help 27million workers, meaning that someone earning an average salary of £35,000 will save over £450.
Coupled with the two percentage point cut to the main rate of National Insurance announced in the Autumn Statement, this will be a total saving of £900.
-
What is the Spring Budget?
Every year, the government gives two major fiscal updates, the Spring Budget and the Autumn Statement.
Tomorrow, Jeremy Hunt is set to outline the financial plan for the rest of the year, including changes like tax hikes, cuts and benefits increases.
With the cost of living continuing to rise for many Brits, households across the nation will be hoping the government can relieve some of the stress with tomorrow's announcements.
-
Jeremy Hunt to announce fiscal plans in tomorrow's Spring Budget
Tomorrow, Jeremy Hunt will give the government's annual Spring Budget.
Mr Hunt looks set to confirm a 2p cut to National Insurance, effective from April, that will see Brits on £35,000 per year save £450.
Other announcements to expect include a freeze on fuel duty and an increase in tobacco prices.