§ 34. Mr. Parryasked the Chancellor of the Exchequer what assumptions he made as to the level of consumption of tobacco, beer and spirits when estimating the additional revenue arising from the duty changes in his recent Budget.
§ Mr. HayhoeThe revenue calculations relate to the quantities duty paid although they contain an implied view of consumption. It is estimated that consumption of tobacco, beer and spirits in 1983–84 will be broadly similar424W to the levels of 1982–83. The assumptions underlying revenue change calculations are described in an article in Economic Trends March 1980. There is a copy in the Library of the House.