§ Mr. David Howellasked the Chancellor of the Exchequer what estimate has been made of the additional administrative cost of his proposal for differentiating between types of bank loan interest for tax purposes.
§ Mr. Harold LeverMy right hon. Friend's proposals on the treatment of interest for tax purposes are expected to lead to some administrative economy in the long run; but transitionally they will give rise to extra work requiring about 100 extra staff this year at a cost of £140,000.