§ Mr. Lennox-Boydasked the Chancellor of the Exchequer if he is considering making provision for inflation relief on capital gains tax; and if he will make a statement.
§ Mr. Peter ReesIn his Budget speech my right hon. and learned Friend emphasised the Government's determination to make the taxation of capital simpler and less onerous. We are pressing ahead with a thorough study of the difficult and complex issues involved. My hon. Friend will understand that I cannot anticipate the outcome of this review.