Asked by: Richard Holden (Conservative - North West Durham)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the potential cost to the Exchequer of reducing licenced premises beer duty for (a) beer and (b) cider from a keg or barrel of not less than 20 litres to (i) 1p per pint (ii) 5p per pint (ii) 10p per pint (iii) by 50 percent and (iv) by 100 percent.
Answered by Kemi Badenoch - President of the Board of Trade
The Government has consulted industry and other stakeholders on the possibility of charging different alcohol duty rates in different places as part of its Alcohol Duty Review. As noted in the call for evidence document, while beneficial to recipients, such a differential would add complexity and cost to the existing duty arrangements. The Government is now analysing the feedback received and will respond in due course.
Asked by: Richard Holden (Conservative - North West Durham)
Question to the HM Treasury:
, To ask the Chancellor of the Exchequer, if he will make an estimate of the potential increase in cider duty required for (a) bottled and (b) off-licence beer on licenced premises from a keg or barrel to achieve revenue neutrality by offsetting a beer duty reduction of (i) 1p per pint (ii) 5p per pint (ii) 10p per pint (iii) 50 percent and (iv) 100 percent.
Answered by Kemi Badenoch - President of the Board of Trade
The Government has consulted industry and other stakeholders on the possibility of charging different alcohol duty rates in different places as part of its Alcohol Duty Review. As noted in the call for evidence document, while beneficial to recipients, such a differential would add complexity and cost to the existing duty arrangements. The Government is now analysing the feedback received and will respond in due course.
Asked by: Richard Holden (Conservative - North West Durham)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the increase in beer duty required to achieve revenue neutrality for (a) bottled and (b) off-licence beer on licenced premises.
Answered by Kemi Badenoch - President of the Board of Trade
The Government has consulted industry and other stakeholders on the possibility of charging different alcohol duty rates in different places as part of its Alcohol Duty Review. As noted in the call for evidence document, while beneficial to recipients, such a differential would add complexity and cost to the existing duty arrangements. The Government is now analysing the feedback received and will respond in due course.
Asked by: Richard Holden (Conservative - North West Durham)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the (a) potential merits of and (b) implications for his policy on levelling up of siting the National Infrastructure Bank in North West Durham.
Answered by Jesse Norman
The Government is considering a range of factors and locations, in order to ensure that it chooses a location in the North of England that meets the Bank’s needs, as well as supporting the Government’s wider levelling up agenda. At Budget, the Chancellor will set out details regarding the operations, mandate and scale of the bank.
Asked by: Richard Holden (Conservative - North West Durham)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of the temporary increase in universal credit; and whether he has made an assessment of the potential effect on (a) fuel duty and (b) income tax in the event that that increase was maintained by raising those taxes.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
As we have done throughout this crisis, the government is continuing to assess how best to support people and the economy, taking into account the health and economic context as it develops.
Extending the temporary £20 per week increase in Universal Credit and Tax Credits by a further 12 months would cost over £6 billion. To illustrate the scale of this cost, it would take a 1p increase to the basic rate of income tax and a 3p increase in fuel duty combined to raise £6 billion.