§ Mr. Peter Bruinvelsasked the Chancellor of the Exchequer if he will estimate the effects of duty increases on petrol of (a) two pence, (b) five pence, (c) seven-and-a-half pence and (d) 10 pence on (i) Government revenue, (ii) the cost of living index and (iii) inflation.
§ Mr. HayhoeThe estimates are as follows:
Change in excise duty per gallon (i) Full year revenue yield (ii) RPI impact effect (pence) (£ million) (per cent) 2 115 less than 0.1 5 280 0.1 7½ 420 0.2 10 560 0.3 The ultimate effect on inflation depends upon many factors and cannot be reliably estimated.