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Mr. Nicholas Brown
To ask the Chancellor of the Exchequer what is the impact of indexation of excise duties by product on (a) inflation and (b) revenues in 1991–92 and a full year.
Mrs. Gillian Shephard
The impact of indexation of excise duties by product on the retail prices index and revenues in 1991–92 and a full year are as follows:
| Duty Item | Retail price index | Revenue yield 1991–92 | Revenue yield full year |
| per cent. | £ million | £ million | |
| Tobacco | 0·20 | 445 | 515 |
| Petrol | 0·16 | 715 | 795 |
| Derv. | 0·1 | 185 | 215 |
| Beer | 0·08 | 150 | 175 |
| Wine | 0·05 | 55 | 60 |
| Spirits | 0·05 | 105 | 115 |
| VED | 0·07 | 280 | 290 |
| Cider | 1— | 5 | 5 |
| Other (Rebated Oils etc) | 1— | 15 | 15 |
| Total | 0·62 | 1,955 | 2,185 |
| 1 Negligible. | |||