Treasury Minister Alex Allinson says government's assessing how the measures announced by the UK chancellor today will affect the Island.
Rachel Reeves delivered the UK's autumn budget statement earlier today Wednesday, November 26.
In line with the UK, the Island will increase tobacco duty by inflation plus two percent from this evening,
The Manx government says all alcohol duty rates will increase from Sunday, February 1 next year, the same month the Island announces its own budget.
Meanwhile as part of the customs agreement with the UK, the Isle of Man will keep applying the cut in fuel duty by 5p per litre until September next year
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