§ Sir Malcolm Thornton
To ask the Chancellor of the Exchequer what would be the net gain to the Exchequer of increasing the excise duty on unleaded petrol so as to eliminate the differential between leaded and unleaded petrol.
§ Sir John Cope
Had my right hon. and learned Friend the Chancellor of the Exchequer increased the excise duty on unleaded petrol in the Budget to eliminate the differential with leaded petrol this would have raised a further £1,050 million in 1994–95 beyond the figures shown in the Financial Statement and Budget Report.