§ Mr. SternTo ask the Chancellor of the Exchequer what is his most recent estimate of annual revenue losses arising from legal imports of(a) cigarettes, (b) other tobacco products, (c) wines and spirits, (d) beer and (e) other excisable goods, following the completion of the single market in January.
688W
Average January price (pence) Percentage price change (per cent.) over previous 12 months Year1 Standard loaf of bread2 Pint of milk3 Bread Milk January Retail Prices Index (Jan 1974 = 100) UK net contribution to the EC Budget £ million 1973 10 5.5 n.a. n.a. 89.3 102 1974 13 5.5 20.3 0 100.0 29 1975 14 5.0 8.3 -9.2 119.9 -56 1976 17 8.5 19.4 69.8 147.9 167 1977 21 10.5 23.2 23.5 172.4 369 1978 26 12.5 18.5 19.1 189.5 822 1979 30 13.5 13.4 7.3 207.2 947 1980 35 15.0 16.0 11.1 245.3 706 1981 39 18.5 11.0 23.3 277.3 397 1982 41 20.0 6.0 8.1 310.6 606 1983 43 21.0 3.5 5.0 325.9 647 1984 45 21.0 4.1 0 342.6 656
§ Sir John CopeThe "Financial Statement and Budget Report" published in March 1992 made provision for a full-year loss of £250 million from increased cross-border shopping. We anticipate that most of the loss will be due to cigarettes, but the estimate is difficult and subdivisions between categories of alcoholic drinks and tobacco products would not be meaningful.