§ Mr. Lawsonasked the Chancellor of the Exchequer what increase in the index of retail prices would result from an increase in revenue from Her Majesty's Customs and Excise duties of: £100 million, £200 million, £300 million, £500 million, £750 million, £1,000 million, £2,000 million, £3,000 million and £4,000 million, assuming that the increases were split evenly over all duties.
§ Mr. Robert SheldonAssuming that duties on hydrocarbon oil, tobacco, beer, spirits, wine, betting and gaming, matches and mechanical lighters were all increased by the same proportion, it is estimated that increases in the retail price index would be as follows:
Increase in revenue (full year—£ million) Increase in retail price index (per cent) 100 … … … ¼ 200 … … … ½ 300 … … … ¾ 500 … … … 1½ 750 … … … 2¼ 1,000 … … … 3 2,000 … … … 7½ 3,000 … … … 11¼ 4,000 … … … 15¼