§ The Chancellor of the Exchequer (Mr. James Callaghan)
It is not possible to make an estimate. The cost would depend on the extent to which taxpayers took advantage of the exemption by spreading their realisations of capital gains.
§ Mr. Callaghan
Everything that comes from the Stock Exchange demands my constant and earnest attention. I can promise the hon. Member that I will consider its memorandum with very great care. As to the flow of savings, the hon. Member will be happy to know that it is running at a very high level again this year.