is british american tobacco a buy makes $47bn offer to out Reynolds British American Tobacco to slash

We can only rejoice

It is possible that cigarette hoarding was taking place before the stamps went into effect, that a sudden increase occurred in the popularity of other tobacco products, that manufacturers had raised their price or that some other unseen factors may have biased sales numbers higher

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Good luck and have fun

The policy underscores stricter supervision across production, warehousing, logistics, transportation and export links, and calls for tougher action against practices such as illegal re-importation of exported products, false customs declarations, and failure to meet quality and safety standards

Ironically, it is those very taxes slapped on packs to discourage smoking that may help fuel the smuggling, along with lax enforcement and heavy supply