§ 44. Mr. Janner
asked the Chancellor of the Exchequer whether he is aware that it is officially estimated that in eight years time there will be more than 11 million motor vehicles on the English roads; and whether he will give an estimate of the amount which will then be produced by the duty on motor fuels per year in each of the next eight years, assuming that there is no reduction in the present rates of duty, and that consumption per vehicle remains the same.
§ Mr. R. A. Butler
The revenue from petrol and other oils used as fuel in road vehicles is governed by a variety of factors and I do not think that it is realistic to prepare estimates on this point for eight years ahead.
§ Mr. Janner
Does the right hon. Gentleman anticipate that there will be a falling off in the revenue? As it is likely that there will be 11 million motor vehicles on the roads, does he not think that the suggested loan might be produced?
§ Mr. Butler
As one would hope to be Chancellor of the Exchequer for the next eight years, perhaps one would be able to do something about it.