§ Mr. LidingtonTo ask the Chancellor of the Exchequer what estimate he has made of the net saving in public expenditure that will be made in 2001–02 due to the public sector's reduced liability for national insurance contributions following the rebates associated with the climate change levy. [41828]
§ Mr. BoatengThe levy package is expected to lead to little change to the overall public finances in 2001–02. An estimate of the impact of the climate change levy package on the public finances was published by HM Customs and Excise in the Regulatory Impact Assessment for the levy in April 2000 including national insurance implications for public sector employees. Subsequently in Budget 2001 the Government revised the estimate of the cost of the enhanced capital allowances for investments in energy-saving measures from its previous figure of £100 million per year to £70 million for 2001–02 and £130 million for 2002–03.