M

Member

Speaking in the House of Lords on 20 January 2025

Debate

Deposit Scheme for Drinks Containers (England and Northern Ireland) Regulations 2024

Contribution

The Government have estimated the scheme’s cost at £288 million per annum. I think that, like all cost estimates under every Government, that estimate is fanciful and wishful thinking. The numbers were also calculated back in 2016. The Government estimated that around 36,000 RVMs would be required, at a cost of £30,000 each and about £3,000 for installation; that comes in at about £1.2 billion, at 2016 prices, which is in line with the all-in-except-glass estimates on page 67 of the impact assessment—at least online; I cannot find it in the printout that we have in the corner over there.

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