This week’s Autumn Statement contained much grim news about the state of the economy, despite the odd few million here or there for headline-grabbing transport infrastructure projects. What became clear is that despite the growing chorus of disapproval over Air Passenger Duty, George Osborne and the Government would not be making a U-turn on that. Indeed, the Chancellor outlined how the proposed increases in APD planned for April 2012 would still go ahead and that private jets would be brought into the regime from 2013.
While no specifics of the changes were revealed, the Autumn Statement did include forecasts of the Treasury’s APD take, showing the income from the duty would be £2.8bn, up from a projectd £2.6bn this financial year and £2.2bn last.
In fact, the projections show that the Government expects the take to nearly double from 2010-11 levels by 2016-17 as shown below. Click on the chart to show it at full size.To receive our free weekly round-up of all news stories from our site, click here
Filed Under: PSTinsider