§ Dr. McDonaldasked the Chancellor of the Exchequer what would be the saving if mortage tax relief were paid at the same rate as life insurance premium tax reliefs.
Mr. PeterRees [pursuant to his reply, of 6 May 1980]: At 1980–81 income levels, and current interest rates the
Further increase in specific duty* Approximate VAT-inclusive price increase (a) Tobacco 16½% 6½p per packet of 20 (b) Beer 16% 1½p per pint of typical beer Wine 10½p per 70 cl bottle of table wine Spirits 66p per bottle of whisky * The duty increases required to meet first and full year costs of the increased benefit would be the same if the duties were to be increased together about 3½ weeks before the increase in the benefit.