PARLIAMENTARY WRITTEN QUESTION
Soft Drinks: Taxation (15 July 2020)
Question Asked
To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the covid-19 lockdown restrictions on forecast revenue from the soft drinks industry levy.
Asked by:
Wes Streeting (Labour)
Asked by:
Wes Streeting (Labour)
Answer
The Treasury does not publish forecasts of the economy or the public finances. Forecasts of future receipts are produced by the Office for Budget Responsibility (OBR) on a regular basis as part of their Economic and Fiscal Outlook series.
Although the OBR published a Fiscal Sustainability Report on 14 July, that report contains scenarios, not forecasts, and is not broken down to the level of individual taxes.
The Chancellor will commission the OBR to produce a forecast alongside the next fiscal event in the usual way.
Answered by:
Mrs Kemi Badenoch (Conservative)
20 July 2020
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