§ Mr. David Nicholson
To ask the Chancellor of the Exchequer what estimates he has for the financial year 1993–94 of the losses to the revenue arising from the disparities in taxation on alcohol and tobacco in the other countries of the European Community; and if he will make a statement.
§ Sir John Cope
We have no reason to change the estimate given in the 1992 "Financial Statement and 539W Budget Report" that in 1993–94, there will be a total revenue loss to the United Kingdom Exchequer of around £250 million from increased cross-border shopping. This arises from the abolition of duty-paid allowances within the EC from 1 January 1993.