§ Mrs. Beckett
To ask the Chancellor of the Exchequer if he will give a full breakdown of the 35p weekly increase in tax for the average family which will result from the introduction of the insurance premium tax which he identified in his autumn Budget; and if he will outline the assumptions on which it was based.
§ Sir John Cope
The 35p figure can be broken down as follows:
Pence per week Motor 20 Building 10 Contents 5 Total 35
These figures are based on the 1991 family expenditure survey, uprated to 1994–95. The figures cover expenditure by those households which have some insurance in each of the three main types of insurance.