Clause 18
Finance Bill
2:15 pm
Jeremy Browne (Shadow Chief Secretary To the Treasury, Treasury; Taunton, Liberal Democrat)
I will be extremely brief. The hon. Gentleman raised many interesting questions. I am looking forward to hearing the Minister’s response, not least because it will help me to decide whether to refit some of my house with slate rather than granite surfaces, if I can afford either. My understanding is that the levy raises something in the region of £300 million a year, but only £35 million goes into the aggregates levy sustainability fund. I do not know whether those were the numbers that the hon. Gentleman used as I did not quite catch them. He used quite a few numbers in a short space of time. If that is the case, why does only 10 per cent. of the revenue raised go into the environmental fund and what is the Government’s thinking on the appropriate proportion of the revenue raised that should go into that fund?