Alcoholic Drinks: Excise Duties
Commons · Question 10880 · Tabled 23 Oct 2024 · Treasury · Official record
Answered 31 Oct 2024
Question
Asked by Paul Davies
To ask the Chancellor of the Exchequer, whether her Department plans to review the Office for Budget Responsibility’s forecasting methodology for revenue from alcohol duty tax receipts.
Answer
Answered by James Murray, 31 Oct 2024
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.