§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer if he will estimate the(a) first year and (b) full year costs of raising fuel duties by 3p per litre or equivalent. [12751]
§ Mr. Oppenheim[holding answer 27 January 1997]: Increasing the duty rates on petrol and diesel by 3p per litre plus VAT would yield £1,400 million in 1997–98. The first-year yield would depend on the date of implementation assumed. Costings take account of the effects on behaviour where they are likely to have a significant effect on the yield and any consequential changes in receipts from related taxes including VAT; and they are measured against a non-indexed base.