Tuesday, 14 December 2010

Tobacco goes up 10p in Gibraltar

GIBRALTAR (Agencies) A pack of 20 cigarettes went up by 10 pence in Gibraltar on Friday. The move follows the decision in Spain as part of the Zapatero government’s austerity plan. The price in Spain went up this last week by 40 centimes (0.4 euros) the pack of 20. The move in Gibraltar could raise an additional revenue estimated anywhere between £2m and £3m. A Gibraltar Government spokesman said that the import duty had gone up 10p a pack of 20 yesterday “in response to market conditions.” He confirmed this was a reference to the price hike in Spain.

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