Skip to main content

Gas Levy

Volume 298: debated on Friday 18 July 1997

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer what are the estimated savings per week resulting from the abolition of the gas levy for (a) the average household, (b) those in the lowest decile of income distribution, (c) those in the highest decile of income distribution and (d) old age pensioners. [8652]

The estimated average savings from the proposed reduction of the gas levy to zero from April 1998 are given in the following table.

Household typeSaving (£ per week)As a percentage of net income
Average household0.100.03
Households in the lowest income decile0.100.09
Households in the highest income decile0.150.02
Pensioners0.100.05
Figures for pounds per week gain are rounded to the nearest 5p. Household incomes are adjusted for differences in composition before allocating households to deciles of net income.