Excise Duties (Revalorisation) (Hansard, 6 March 1989)

HC Deb 06 March 1989 vol 148 c383W 383W

§ Mr. Gordon Brown
To ask the Chancellor of the Exchequer what would be(a) the revenue yield and (b) the impact on the retail prices index of revalorisation of excise duties at (i) the present rate of inflation and (ii) the present rate of inflation less the mortgage component of inflation.

§ Mr. Lilley
[holding answer 3 March 1989]: Estimates are as follows:

Net revenue yield 1989–90 RPI impact effect

£ million Per cent.

(i) Present rate of inflation (January 1989 RPI) 1,350 0.51

(ii) Present rate of inflation less mortgage components 995 0.38

	Net revenue yield 1989–90	RPI impact effect
	£ million	Per cent.
(i) Present rate of inflation (January 1989 RPI)	1,350	0.51
(ii) Present rate of inflation less mortgage components	995	0.38