§ Mr. BettsTo ask the Chancellor of the Exchequer how much capital expenditure is forecast to be included in the private finance initiative for the current financial year and the next five financial years. [3835]
§ Mr. JackI refer the hon. Member to table 6.5 of the "Financial Statement and Budget Report 1996–97", and, which has been laid before Parliament on 28 November 1995.
§ Mr. BettsTo ask the Chancellor of the Exchequer if he will list for each scheme so far agreed under the private finance initiative(a) capital and (b) revenue costs to public funds (i) under the PFI and (ii) estimated to have been incurred had the scheme been funded wholly within the public sector. [3807]
§ Mr. JackPFI payments are for service delivery, not capital procurement. They comprise a mixture of charges for capital and revenue. Value for money is ensured through the competitive process. It is not always commercially appropriate to disclose a public sector comparator, nor to place undue reliance on illustrative
Post Budget pricing policies may not mirror the duty changes precisely RSP p/litre Total tax as percentage of RSP Excise duty as percentage of RSP VAT as percentage of RSP Excise duty p/litre VAT p/litre Leaded 61.29 78.72 63.83 14.89 39.12 9.13 Super unleaded 62.02 70.20 55.30 14.89 34.30 9.24 Unleaded 55.06 77.19 62.30 14.89 34.30 8.20 Diesel 55.51 76.68 61.79 14.89 34.30 8.27 City diesel 54.9 77.37 62.48 14.89 34.30 8.18 LPG auto 39.1 50.93 36.04 14.89 14.09 5.82 The following figures for compressed natural gas are based on a maximum retail price as at 28 November 1995;
256W
(CNG) Compressed natural gas RSP p/kilo Total tax as percentage of RSP Excise duty as percentage of RSP VAT as percentage of RSP Excise duty p/kilo VAT p/kilo Pre-Budget 56.4 73.65 58.76 14.89 33.14 8.40 Post-Budget 56.4 64.84 49.95 14.89 28.17 8.40 calculations. Guidance on public sector comparators is contained in the publication "Private Opportunity, Public Benefit", a copy of which has been placed in the Library of the House.