ONE hidden adverse impact from the Covid-19 pandemic to the financial system of the Balearics has been the big droop within the sale of cigarettes which generates massive quantities of income for the tax man in addition to income for tobacconists.
In response to figures launched by the Balearic Ministry of Finance, the drop is within the area of 40 per cent as in October 2019 77.7 million packets have been bought while in the identical month this 12 months, gross sales had dropped to 47.2 million packets.
With annual gross sales down by greater than €150 million to date this 12 months, the dearth of vacationers is blamed for this important drop with British purchasers specifically beforehand benefitting from a mean price of €5 (£4.55) per packet in Mallorca, towards £12.50 (€13.75) within the UK.
At the least, the drop in gross sales of cigarettes would possibly see the well being of some folks enhance.
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