Tax on vapes to be introduced in 2026 | Budget 2024

Chancellor Rachel Reeves has confirmed that a duty on vapes will be introduced in 2026, with a "flat rate duty on all vaping liquid" from October of that year. In addition, she will increase duty by 10% on hand-rolled tobacco this year and a one-off increase in tobacco duty to maintain the incentive for smokers to give up smoking. Budget live updates: https://news.sky.com/story/budget-latest-rachel-reeves-updates-live-12593360 #budget2024 #skynews #politicshub SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales