Clause 1 - Rates of tobacco products duty
Finance Bill
9:15 am
Mr David Laws (Shadow Chief Secretary, Treasury; Yeovil, Liberal Democrat)
The Economic Secretary has mentioned that the Government have been successful in reducing the smuggled share of the market to 18 per cent. in 2002–03, which is a particular achievement when one considers previous trends. Does he have any projections for that share of the market over the next couple of years? Does he expect it to reduce further, or merely to stabilise at the existing level?