Written question asked by James Clappison (Conservative) on Monday, 11 December 2000, in the House of Commons. It was due for an answer on Monday, 18 December 2000. It was answered by Stephen Timms (Labour) on Monday, 18 December 2000 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what his most recent estimate is of the cost of the introduction of the climate change levy for the United Kingdom horticulture industry. - Inc figure. (Holding answer 14 December 2000).

Answer: Mr. Clappison: To ask the Chancellor of the Exchequer what his most recent estimate is of the cost of the introduction of the climate change levy for the United Kingdom horticulture industry. [142620] Mr. Timms: [holding answer 14 December 2000]: The climate change levy will raise an estimated £1 billion in its first year, all of which will be recycled back to business via a 0.3 percentage point cut in employers' National Insurance Contributions and £150 million of spending on energy efficiency. We expect the levy to be broadly neutral between services and manufacturing. The effect on any specific business, sector or region will depend on a number of factors, including their future energy consumption, the level of employment, eligibility for discounts, use of renewable or combined heat and power energy, and take up of enhanced capital allowances. In recognition of the unique position of the UK horticulture sector, a special package of measures--including a 50 per cent. discount on levy payments--was announced in Budget 2000.

Secondary information

Type: Written question
Reference: 360 c81-2W; 142620
Session: 2000-01
Subjects: Conservation Climate change levy Finance Energy Horticulture Manufacturing industries National insurance contributions Rebates Renewable energy Service industries
Link: View this Written question on www.publications.parliament.uk