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Smokers hit in the pocket

Smokers are spending thousands feeding their habit rather than paying off their debts, a personal finance website has warned.

Fairinvestment.co.uk said smokers were £2,000 a year worse off than non-smokers.

This money could, director James Caldwell added, be put to better use.

"Spending over £2,000 a year on cigarettes means that smokers have less money than non-smokers, making them less likely to pay off their credit cards or mortgages as quickly as somebody who doesn't smoke," he explained.

Smokers could be hit in the pocket a little harder after tomorrow with the chancellor Alistair Darling due to announce his first Budget.

With the credit crunch biting hard, any rise in tobacco duty could make life increasingly difficult for those already struggling to make ends meet.

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