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To ask Mr Chancellor of the Exchequer, what estimate he has made of the net saving in public expenditure that will be made in 2001-02 due to the public sector's reduced liability for national insurance contributions following the rebates associated with the climate change levy. - Inc figures.
To ask Mr Chancellor of the Exchequer, what estimate he has made of the net saving in public expenditure that will be made in 2001-02 due to the public sector's reduced liability for national insurance contributions following the rebates associated with the climate change levy. - Inc figures.
Asked by
David Lidington
(Conservative)
Answered by
Lord Boateng
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
6 March 2002
For answer on
14 March 2002
Answered on
14 March 2002
Mr. Lidington: To ask the Chancellor of the Exchequer what estimate he has made of the net saving in public expenditure that will be
made in 2001-02 due to the public sector's reduced liability for national insurance contributions following the rebates associated
with the climate change levy. [41828]
Mr. Boateng: The levy package is expected to lead to little change to the overall public finances in 2001-02. An estimate of the
impact of the climate change levy package on the public finances was published by HM Customs and Excise in the Regulatory Impact
Assessment for the levy in April 2000 including national insurance implications for public sector employees. Subsequently in Budget
2001 the Government revised the estimate of the cost of the enhanced capital allowances for investments in energy-saving measures
from its previous figure of £100 million per year to £70 million for 2001-02 and £130 million for 2002-03.
Subjects
Climate change levy; Personal savings; National insurance contributions; Public expenditure; Rebates; Taxation
Date
14 March 2002
Reference
41828; 381 c1226W;381 c1228W
House
House of Commons