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Mr. Moate
To ask the Secretary of State for Energy what would be the cost of transferring the burden of the nuclear levy from industry to the Exchequer.
Mr. Heathcoat-Amory
Fossil fuel levy receipts in 1990–91 were £1,175 million, of which an estimated £300 million derived from sales to industry. The terms of the Non-Fossil Fuel Obligation contracts ensure that the levy revenues needed to finance nuclear-sourced electricity will decline substantially, in real terms, by 1997–98.