HC Deb 27 November 1979 vol 974 cc620-1W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what is his estimate of the increases in profits likely to accrue to the financial sector as a result of the increase in minimum lending rate in the current year; and whether he will require the institutions concerned to bring forward the payment of next year's tax and so help reduce the public sector borrowing requirement.

Mr. Lawson

No such estimate is available. There are many other considerations involved in decisions on taxation.

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