§ Mr. Peter Bottomley
To ask the Chancellor of the Exchequer if he will estimate the consumption and the revenue elasticities of duty on whisky and whiskey.
§ Sir John Cope
We do not have details of elasticities for individual spirits products. We estimate that the price elasticity of demand for spirits consumption is –1.1. The impact of changes in the duty rate on consumption, and hence revenue, will depend on the duty content of the retail price.