§ Mr. Nelsonasked the Chancellor of the Exchequer for what purposes loans are available under the so-called Ortoli facility; how much money was available through this facility in loans in 1979 and 1980 in the Community; and if he is satisfied that the United Kingdom has been taking full advantage of the opportunities which it presents.
§ Mr. LawsonLoans are available from this facility in accordance with Council decisions 79/486/EEC, 80/739/EEC and 80/1103/EEC to finance investment projects which are carried out on Community territory and are consistent with priority Community objectives in the infrastructure and energy sectors. Loan contracts signed totalled £148 million in 1979, and £106 million in 1980. The United Kingdom has so far borrowed for two large projects under the facility, which together account for some 22 per cent. of total funds lent.
Cigarettes Cigars Duty Specific (£per 1000) Duty Ad Valorem (% of RSP) VAT% Duty VAT% United Kingdom 18.04 21.00 15 £34.29 per Kg 15 Belgium 0.80 61.87 6 11.5% 16 £13.35 per Denmark 27.47 21.68 22 1000+10% 22 France †0.41 †43.57 33⅓ 22.5%–26.2 33⅓ £5.51 per Germany 8.66 30.10 13 1000+14% 13 Ireland 11.79 22.40 10 £22.14 per Kg 10 Italy †0.22 †56.20 18 Up to 60% 18 Luxembourg 0.62 55.55 2 11.5% 2 Netherlands 1.63 49.80 17¼ 11.5% 8.9
Pipe Tobacco Hand Rolling Tobacco Duty VAT% Duty VAT% United Kingdom £21.92 per Kg 15 £29.56 per Kg 15 Belgium 31.5% 6 31.5% 6 Denmark £4.92 per Kg 22 £16.86 per Kg 22 France 37.5% 33⅓ 37.5% 33⅓ Germany £0.32–£l.59per kg 13 £1.00+18.27% 13 Ireland £14.30 per Kg 10 £18.68 per Kg 10 Italy Up to 60% 18 Up to 60% 18 Luxembourg 31.5% 2 31.5% 2 Netherlands 31.5% –36.9% 11.6 31.5%–36.9% 11.6 Notes
* Percentage relate to Retail Price.
† Based on Cigarettes from the most popular price category.
Figures for Greece are not available Exchanges as at 23 April 1981.