Treasury written question – answered am ar 14 Chwefror 2024.
Daisy Cooper
Liberal Democrat Spokesperson (Health and Social Care), Deputy Leader, Liberal Democrats
To ask the Chancellor of the exchequer, if he will make an estimate of the impact on excise duty receipts of the duty rates for wine and spirits introduced on 1 August 2023.
Gareth Davies
The Exchequer Secretary
The Office for Budget Responsibility (OBR) published its latest Economic and Fiscal Outlook report in November 2023. The publication contained an alcohol duty revenue forecast up to and including 2028-29 and was inclusive of all previous and planned future changes to alcohol duty rates including the changes to wine and spirits duty rates on 1 August 2023.
Table 2.12 in the supplementary tables published alongside the Economic and Fiscal Outlook report contains separate receipt forecasts by type of alcohol.
Yes2 people think so
No4 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.