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Name: how much does tobacco cost uk Time to levy the indefensible profits of Big - to fund health measures and spur growth They're going up. https://www.mirror.co.uk/money/budget-2024-price- cigarettes-rise-33987525
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While the share remains attractive to us from a yield perspective, catalysts for a re-rating seem to be a long way off, especially given that it is mostly likely to come from one of the following: A share buyback programme, which could start once BTIs net debt gets comfortably below 3x EBITDA (which will probably only happen in late-2022)