HC Deb 01 July 1997 vol 297 c105W
Mr. Streeter

To ask the Chancellor of the Exchequer if he will estimate the VAT income which would accrue from VAT on fuel at(a) 5 per cent., (b) 7½ per cent., (c) 10 per cent. and (d) 12½ per cent., and the cost of the subsidy to retirement pensioners and other vulnerable groups at those levels. [3510]

Dawn Primarolo

The estimated full-year cost, in 1997–98, of reducing VAT on domestic fuel and power from 8 per cent. to 5 per cent. is around £450 million: estimates for the other options can be approximated pro rata.

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