Asked by: Lord Evans of Rainow (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential effect on jobs and investment in the beer industry of a reduction in beer duty.
Answered by Jane Ellison
The Government keeps all taxes under review, including alcohol duties, and is always willing to consider any evidence in relation to alcohol taxation policy. Any changes to beer duty need to take account of a wide range of factors, including the Exchequer impact, the impact on businesses and consumers, and on public health.
Asked by: Lord Evans of Rainow (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the annual change in on-trade beer prices in each year since 2007 for the purposes of assessing beer duty.
Answered by Jane Ellison
The British Beer and Pub Association have published estimates of the annual change in beer prices in “The story of beer duty: 2008 to 2016”. This can be found at:
Asked by: Lord Evans of Rainow (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on jobs and investment in pubs and breweries of the (a) reduction in beer duty in 2014, (b) reduction in beer duty in 2015 and (c) freeze in beer duty in 2016.
Answered by Jane Ellison
HM Treasury engages with a wide variety of organisations to understand industry developments, including the beer and pub industry.
The Government keeps all taxes under review, including alcohol duties, and is always willing to consider any evidence in relation to alcohol taxation policy.
Asked by: Lord Evans of Rainow (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of excise duty rates on beer exports.
Answered by Jane Ellison
HM Treasury engages with a wide variety of organisations to understand industry developments, including the beer and pub industry.
The Government keeps all taxes under review, including alcohol duties, and is always willing to consider any evidence in relation to alcohol taxation policy.
Asked by: Lord Evans of Rainow (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the effect of reductions in beer duty on (a) the number of jobs and (b) the level of investment in the beer and pub industry.
Answered by Jane Ellison
HM Treasury engages with a wide variety of organisations to understand industry developments, including the beer and pub industry.
This includes considering external reports like that of the British Beer and Pub Association, which estimated that by 2016/17 there will be 21,000 more jobs in the pub industry, than if the duty escalator had continued until 2015.
Asked by: Lord Evans of Rainow (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to encourage young savers.
Answered by David Gauke
At the Budget it was announced that, from 1 July 2014, the limits for Junior ISAs and Child Trust Funds (CTFs) will rise from £3,720 to £4,000.
Following a public consultation, the Government has decided to allow the transfer of savings from CTFs to Junior ISAs. We are committed to ensuring that there is a clear and simple way to save for all children and believe that parents should be allowed the opportunity to transfer from a CTF to a Junior ISA if they consider this to be the most appropriate account for their child.
The Government has clauses in the Deregulation Bill, currently making its way through Parliament, which will enable the transfers. We hope this option to transfer will be available by April 2015.