To ask the Chancellor of the Exchequer, what estimate his Department has made of the total revenue the public purse has forgone due to the freeze in fuel duty since 2011.
Answered on
8 October 2019
Based on the Office for Budget Responsibility’s (OBR) published policy costings, we estimate the cumulative loss to the Exchequer from the successive fuel duty freezes from financial year 2011-12 to the current financial year 2018-19 to be around £46.2bn to the benefit of the UK taxpayer.
The annual impacts on the Exchequer are reported in the table below.
2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | |||
Exchequer impact (£m) | -2,275 | -3,465 | -4,645 | -5,800 | -6,375 | -6,815 | -7,875 | -8,070 | ||
The OBR’s policy costings are available at the following link: