§ Mr. Frank Cook
To ask the Chancellor of the Exchequer, what estimates had originally been made in March 1993 of the likely carbon savings in the year 2000 from the imposition of value added tax on domestic fuel; and what revision has been made to this estimate following the announcement by the Chancellor in December of compensatory packages regarding the imposition of value added tax on domestic fuel.
§ Sir John Cope
At the time of the Budget speech in March 1993 it was estimated that imposing VAT on domestic fuel and power should reduce carbon dioxide emissions by around 1.5 million tonnes of carbon by the end of the century. It is not expected that the compensation package would substantially affect the original broad estimate.