HC Deb 17 June 2002 vol 387 c139W
Brian Cotter

To ask the Chancellor of the Exchequer what recent assessment he has made of the impact of the climate change levy on businesses within the retail industry. [61313]

John Healey

All of the revenue from the climate change levy is recycled back to business through NIC cuts and support for energy efficiency. While the levy package is broadly revenue neutral to business as a whole, the effects on any specific sector will depend on a number of factors, includingThe future energy consumption of firms in the sector and the use they make of levy funded energy efficiency support. Employment levels in those sectors and the benefits received from the levy-funded national insurance contribution cuts. What use firms in that sector make of electricity generated from levy exempt renewable sources of energy and combined heat and power.