Shift away from biofuels
The Treasury is raising £550m in 2010-11 – which is not trivial – by removing the biofuels duty differential.
That sounds like a fairly major policy shift away from promoting biofuels.
On the changes to Vehicle Excise Duty, to extract more from owners of gas-guzzlers, that is forecast to raise £465m in 2009-10 and £735m in 2010-11.
So that’s a pretty big incentive to buy a green car.
And as for those increases in alcohol duties, boozers will be £400m worse off next year, £505m the following year and £625m poorer in 2010-11.