§ Sir John Cope
The effect on the retail prices index of 10 per cent. duty increases is estimated to be:
Per cent. Beer and cider +0.09 Wine +0.06 Spirits +0.07 Tobacco +0.24 Petrol +0.22 Diesel +0.01 Vehicle excise +0.09
These figures show the growth in the retail prices index excluding mortgate interest payments. They assume that the full increase in tax would be passed on to consumers in the form of higher prices. Where the tax falls on business, there is likely to be a further effect on the RPI which is not taken into account in these figures.
§ Mr. Whittingdale
To ask the Chancellor of the Exchequer what is the total amount raised in excise duty on
Duty receipts in months February to September £ million 1993 1992 1991 1990 1989 1988 (a) Beer 11,397 1,578 1,511 1,479 1,390 1,346 (b) Wines (including cider) 685 618 573 544 489 483 (c) Spirits 951 925 911 917 826 838 1 As a result of previously announced changes in the system for the collection of beer duty which took effect on 1 June 1993, there was a delay of about 1 month in receiving duty payments. This led to a cash flow loss of some £200 million duty in July.