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<p>We have recently closed our second consultation on introducing a deposit return
scheme in England, Wales and Northern Ireland and are analysing the responses with
a view to publishing a government response later this year. We will be appointing
a Deposit Management Organisation to run the DRS scheme. The recent consultation explored
the potential for both a flat rate and variable rate deposit to be used in the scheme,
and stated that the intention would be for the Deposit Management Organisation to
have the power to set the deposit level within parameters set out in legislation by
Government. This would include the ability to set either a flat rate or variable rate
deposit. The government response to the consultation will include details on the agreed
approach to setting a deposit level in the DRS.</p><p> </p><p>I am acutely aware of
the concerns that stakeholders have raised regarding the possible market distortions
that could occur depending on the type and level of deposit set, and we will be keeping
these concerns in mind when finalising the approach to setting and amending the deposit
level.</p>
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