Written question asked by Lindsay Hoyle (Labour) on Wednesday, 10 June 1998, in the House of Commons. It was due for an answer on Thursday, 18 June 1998. It was answered by Baroness Primarolo (Labour) on Thursday, 18 June 1998 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, if he will estimate the effect on revenues of each 10 per cent. reduction of tax on wine, beers and spirits. - Includes figures. (Holding answer 15 June 1998).

Answer: Mr. Hoyle: To ask the Chancellor of the Exchequer if he will estimate the effect on revenues of each 10 per cent. reduction of tax on wine, beers and spirits. [45958] Dawn Primarolo: [holding answer 15 June 1998]: HM Customs and Excise estimate of the revenue lost to the Exchequer in a full year through a 10 per cent. reduction in the level of excise duty for each of the product types set out is as follows: Wine: £110 million Beers: £335 million Spirits: £80 million.

Secondary information