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Economic Measures

Volume 923: debated on Thursday 23 December 1976

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asked the Chancellor of the Exchequer which of the measures announced on 15th December will require either legislation or a resolution of the House of Commons.

None of the measures announced in my right hon. Friend's statement on 16th December will require main legislation. The following measures require, and in the first case have received, affirmative resolutions from the House of Commons:

10 per cent. increase in revenue duties charged on tobacco and alcoholic drinks.
Extension of the cost escalation scheme for exports.
The Price Code will have to be amended to ensure that the profit margins of distributors do not rise as a result of the increase in revenue duties, and this will also require a resolution of the House. The regional employment premium will be withdrawn by order, but this does not require a resolution.