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Road Improvement Programme

Volume 205: debated on Thursday 12 March 1992

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To ask the Secretary of State for Transport what was the cost to his Department's road improvement programme of the increase in VAT from 15 per cent. to 17.5 per cent.

It is estimated that, in 1991–92 total expenditure on VAT of £212 million will be incurred on section A (national roads system: capital—new construction and renewal) of the national roads, England, vote. This is expected to be offset by recoveries of £79 million.