§ Mr WattsTo ask the Chancellor of the Exchequer (1) what estimate he has made of financial impact of the introduction of the Climate Change Levy tax on the glass industry; [82601]
(2) which industries have(a) gained and(b) lost from the introduction of the Climate Change Levy. [82602]
151W
§ John HealeyAll industries face the same challenges and opportunities from the climate change levy. All revenue from the levy is recycled back to business through reductions to employer national insurance contributions (NICs) and support for energy efficiency. While the levy package is broadly revenue neutral to business as a whole, the effects on any specific sector will depend on a number of factors, including
the future energy consumption of firms in the sector and the use they make of levy funded energy efficiency support;employment levels in those sectors and the benefits received from the levy funded NICs cuts;what use firms in that sector make of electricity generated from levy-exempt renewable sources of energy and combined heat and power; anduse made of the 80 per cent, discount where-as in the case of glass-this is available via voluntary agreements with energy-intensive sectors.
§ Sue DoughtyTo ask the Chancellor of the Exchequer what the estimated total of Treasury receipts from the Climate Change Levy is in 2002–03. [83540]
§ John HealeyThe projection for CCL receipts in 2002–03 is shown in table C7 of the financial statement and Budget report 2002 and is £0.9 billion. An updated 2002–03 receipts projection for all duty heads, including CCL, will be published in the 2002 pre-Budget report on 27 November.