§ 12. Mr. Grimond
asked the Chancellor of the Exchequer what are his latest estimates of the yield from stamp duties on share transfers.
My Budget estimate that stamp duties as a whole would yield £68 million, included an estimate of £35 million for the yield of stamp duties on share transfers. It is clear that this estimate will be exceeded, but I am not in a position to say by how much.
§ Mr. Grimond
I am not asking the Chancellor to anticipate anything about anything, but would he notice that some reduction of these duties would be a great incentive to the wider sharing of property and shares in this country?
Once again I take note of what the hon. Gentleman said, which I think is very similar to what he said at this time last year.