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National Land Fund

Volume 960: debated on Friday 15 December 1978

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asked the Chancellor of the Exchequer whether, in view of the ruling by Mr. Speaker in December 1957 that the National Land Fund is a separate entity, not replenished from the Exche-

(£ million) 1978–79 (estimate)
(a)at estimated 1978–79 prices9705101,100
(b)at 1974–75 prices555291630

asked the Chancellor of the Exchequer what is his estimate of the increase in real terms of the duty on whisky between October 1974 and January 1979, taking inflation into account during that time.

Between October 1974 and December 1978, the most recent month for which the retail price index has been published, the duty on whisky in real terms decreased by about 12 per cent.

asked the Chancellor of the Exchequer what is his estimate of the annual cost to the Exchequer of a reduction in whisky duty to that pertaining in October 1974.

It is estimated that there would be a reduction in revenue of about £160 million in a full year from reducing the duty on spirits in that-way. Whisky would be expected to account for rather more than half of this.

quer, and that new expenditure charged upon it does not result on a charge on the Exchequer, he will give instructions for the removal from the computations of the next issue of "The Government's Expenditure Plans" of the sum of £3.5 millions in respect of the National Land Fund which figured in the last issue dated January 1978, Cmnd. Paper No. 7049, II, Table 2.13, page 95, paragraph 7.