Mr. Robert AinsworthTo ask the Chancellor of the Exchequer what was the yield in 1992–93 and 1993–94 and the latest estimate of yield for 1994–95 from(a) petrol duty, (b) derv duty, (c) vehicle excise duty, (d) VAT on petrol and derv rate, (e) VAT on vehicle sales and (f) car tax.
§ Mr. Heathcoat-AmoryThe tax yield is as follows.
for (a) the rest of the present year and (b) the whole of next year.
§ Mr. NelsonThe cost of servicing any particular amount of borrowing will depend upon the level and structure of interest rates, the rate of inflation and the type of debt issued. My right hon. and learned Friend the Chancellor announced to the House on 8 December measures to ensure that not raising VAT on fuel and power to 17½ per cent. will have no significant impact on borrowing either this year or next year.