§ Mr. Hordernasked the Chancellor of the Exchequer what would be the revenue if the rates of duty on spirits, on beer and on wine were increased by 10 per cent.; and if he will estimate the effect on the retail prices index in each case.
§ Mr. Bruce-GardyneThe extra revenue, including the additional receipts of VAT, would be about £45 million, £145 million and £40 million, respectively, in a full year. It is estimated that the changes would raise the retail price index by 0.1 per cent. 0.1 per cent., and less than 0.1 per cent., respectively.