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1123751
registered interest false more like this
date less than 2019-04-29more like thismore than 2019-04-29
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Import Duties more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what revenue they anticipate from a full year of the temporary tariff regime announced on 13 March; and how much they would expect to raise if there were no change in the current tariff regime. more like this
tabling member printed
Lord Lilley more like this
uin HL15389 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-13more like thismore than 2019-05-13
answer text Under the current tariff regime, the independent Office for Budget Responsibility have forecast tariff revenue to be £3.5bn in 2019/20. In the event of a no deal it will not be possible to replicate our current trading arrangements. The yield raised from tariffs, under the temporary tariff regime, is likely to be highly sensitive to any behavioural response, wider economic conditions, and judgements on modelling assumptions taken by the Office for Budget Responsibility. It is therefore not possible to provide a firm estimate at this stage of a full year of the temporary tariff regime but in the event of no deal, the tariffs policy would be reflected in a future Office for Budget Responsibility fiscal forecast. more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-13T16:25:49.9Zmore like thismore than 2019-05-13T16:25:49.9Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
68
label Biography information for Lord Lilley more like this