Treasury written question – answered at on 16 March 2011.
To ask the Chancellor of the Exchequer what inflation rate his Department assumed in calculating the additional revenue forecast from the beer duty escalator for 2011-12; and what change would be required to the rate of beer duty to raise the same tax revenue using his most recent forecast of inflation.
The Office of Budget Responsibility's autumn forecast assumed RPI of 3.5% in 2011-12, and the latest outturn for January 2011 is 5.1%. A new inflation forecast for 2011-12, taking into account latest out-turn data, will be published by OBR at the Budget (
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