Bad news for smokers - Budget hike in cigarettes to €11 happens tonight
Published 11/10/2016 | 09:07
There was bad news for smokers today as the Government adds 50c to the price of a packet of cigarettes in Budget 2017.
The move brings the standard price of a packet of cigarettes to €11 or more.
And the new price for cigarettes is kicking in at midnight tonight.
Cue: Frenzy at the country's newsagents.
While Finance Minister Michael Noonan is likely to argue to the increase brings in welcome tax revenues, retailers will say the move will drive smokers into the arms of cigarette smugglers.
The Government, however, did not announce an increase in the cost of alcohol.