Skip to content
Thursday 23 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,700.42
-0.15%
DAX
24,959.91
-0.78%
CAC 40
8,353.08
-1.01%
STOXX 50
6,266.98
-0.79%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 16 March 2016 1:37 pm

Budget 2016: George Osborne gives pub industry reason for cheer but smokers are out in the cold with minimum pricing on tobacco products

By: Catherine Neilan

Add as a preferred source on Google

George Osborne has confirmed the government will freeze duty on beer and cider, and whisky – but said a minimum price will be introduced for cigarettes. 

The chancellor was unequivocal about his support for the pub and spirits industries, saying: "Today I back our pubs again. I am freezing beer duty and cider duty too.

"We back Scotland and back a vital industry too, with a freeze on whisky and other spirits duty this year."

But smokers were given less to smile about. Duty on tobacco products will rise by two per cent above inflation from midnight tonight. 

"Tobacco duty will continue to rise as set out in previous Budgets, by two per cent above inflation from 6pm tonight – while hand rolling tobacco will rise by an additional three per cent," he said. "And to continue our drive to improve public health we will reform our tobacco regime to introduce an effective floor on the price of cigarettes and consult on increased sanctions for fraud."

More to follow…

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Roasting heat putting Brits off roasts, warns Toby Carvery owner

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • Tax bill and Middle East weigh on Heathrow despite record numbers

  • Easyjet takes £200m profit hit in Iran war travel chaos

  • Burnham to cut pub business rates by 20 per cent

More from City PM

  • Pubs to pour five million extra pints during England v Norway World Cup clash

    Hospitality
    Exciting World Cup action as players compete energetically on the field, showcasing intense athleticism and global sportsm...
  • Scotch whisky sales are falling, but what’s really behind the decline?

    Whisky
    Assortment of various Scotch whisky bottles including Glenlivet, Glenmorangie, Lagavulin, Laphroaig, and Macallan.
  • Top Tory slams ‘ivory tower’ financial regulators as takeover bids blight London Stock Exchange

    Markets
    Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)
  • ‘False dawn’: June inflation falls to 2.6 per cent but analysts say rises ahead

    Economics
    Till sales growth slowed to 2.7 per cent in the last four weeks
  • Barratt Redrow urges Burnham to slash tax to boost housebuilders

    Property
    Barratt and Redrow partnership announcement showcasing executives shaking hands in a modern office setting
  • Government ‘mis-sold student loans’ to teenagers, MPs say

    Politics
    UK university graduate in cap and gown holding diploma at a campus ceremony, celebrating academic achievement and success
  • Two centuries of Old Pulteney

    Whisky
    Scenic view of the Cliffs of Caithness, highlighting the rugged coastline near Old Pulteney distillery in Scotland.
  • The real winner of the Fifa World Cup? Beer

    Sport Business
    Breaking news concept with blurred newspaper headlines and world map background, emphasizing global journalism and media.
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook