Orders of the Day — Car Tax (Abolition) Bill

Part of the debate – in the House of Commons at 7:30 pm on 25th November 1992.

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Photo of Mr Anthony Nelson Mr Anthony Nelson , Chichester 7:30 pm, 25th November 1992

Yes, it would be about that. I shall correct myself if I am wrong but I think that the increase would be £31 if the total cost were borne by VED.

It is difficult to forecast accurately the extent to which the measure will stimulate car sales, but retailers put it at about 70,000 cars, or an increase of about 4 per cent. in the United Kingdom market, which now amounts to 1·6 million new registrations.