Alcoholic Drinks: Excise Duties

Summary

To ask the Chancellor of the Exchequer, if she will ask the Office for Budget Responsibility to review its (a) price elasticity of demand and (b) other forecasting methodology for alcohol duty revenues.

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Timeline

1. 18 October 2024

   Written question

   To ask the Chancellor of the Exchequer, if she will ask the Office for Budget Responsibility to review its (a) price elasticity of demand and (b) other forecasting methodology for alcohol duty revenues.

   Source: Commons

2. 28 October 2024

   Answer

   The OBR regularly reviews its forecasting methodology. Its forecast is informed by economic factors including real household consumption and underlying trends in alcohol consumption.The OBR published updated price elasticities for alcohol in July 2024.

   Source: Written answer

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• · Treasury · Answering body

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