HL Deb 01 November 2000 vol 618 cc101-2WA
Lord Lipsey

asked Her Majesty's Government:

What revenue would have been foregone since 1992 from duty on petrol and diesel fuel excise duties if those duties had been increased in line with the retail price index. [HL4281]

Lord McIntosh of Haringey

HM Customs and Excise's estimate of the revenues that would have been foregone since 1992 had petrol and diesel fuel duties been increased in line with the retail price index is shown in the table.

Financial Year £ billion revenues Foregone
1992–93 0.2
1993–94 1.4
1994–95 2.7
1995–96 3.9
1996–97 5.0
1997–98 6.6
1998–99 8.4
1999–2000 9.4

The estimates include VAT and take account of expected changes in the pattern of consumers' expenditure as a result of the lower duty increases.