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Public Bill Committee: Finance Bill: Clause 42 - Vehicle excise duty (15 Oct 2015)

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David Gauke: Let me try to respond to the points made. On the environmental incentives, consumer research suggests that VED is not an important factor in purchase decisions. Where VED has been shown to play a supportive role is in the highly visible first-year rates. In those we have retained, and indeed strengthened, the environmental signal: for example, first-year rates will double for the most...

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