Asked by: Lord Darling of Roulanish (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government how much was raised on fuel duty and VAT on fuel for each of the last 10 financial years.
Answered by Lord Young of Cookham
Receipts from fuel duty are published in the Hydrocarbon Oils statistical bulletin and the figures from the last ten financial years are shown below:
Year | Receipts (£ bn) |
2006/07 | 23.6 |
2007/08 | 24.9 |
2008/09 | 24.6 |
2009/10 | 26.2 |
2010/11 | 27.3 |
2011/12 | 26.8 |
2012/13 | 26.6 |
2013/14 | 26.9 |
2014/15 | 27.2 |
2015/16 | 27.6 |
For VAT, the information requested is not available. HM Revenue and Customs does not collect data on VAT revenues from particular goods and services.
Asked by: Lord Darling of Roulanish (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the impact of payment protection insurance payments made since 2010 on UK gross domestic product.
Answered by Lord O'Neill of Gatley
The most recent figures available from the FCA show that a total of £393.8m was paid in November 2015 to customers who complained about the way they were sold PPI. This takes the amount paid out since January 2011 to £22.2bn.
The most recent analysis of the impact on GDP is the Office for Budget Responsibility’s 2012 Economic and Fiscal Outlook report, which stated that its economic growth forecast of 0.8% over 2 years would be mainly due to the impact of PPI fee repayments.
Asked by: Lord Darling of Roulanish (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the total amount of payment protection insurance payments made since 2010.
Answered by Lord O'Neill of Gatley
The most recent figures available from the FCA show that a total of £393.8m was paid in November 2015 to customers who complained about the way they were sold PPI. This takes the amount paid out since January 2011 to £22.2bn.
The most recent analysis of the impact on GDP is the Office for Budget Responsibility’s 2012 Economic and Fiscal Outlook report, which stated that its economic growth forecast of 0.8% over 2 years would be mainly due to the impact of PPI fee repayments.