Standardised packaging, minimum excise tax, and RYO focussed tax rise implications for UK tobacco pricing.
<h4>Background</h4>Standardised packaging for factory made (FM) and roll your own (RYO) tobacco was fully implemented in the UK in May 2017. Around the same time, several changes to the tax system were applied (a Minimum Excise Tax (MET) for FM products and tax increases weighted towards...