§ Mr. Horamasked the Chancellor of the Exchequer what was the yield to the Revenue from the investment income surcharge in 1977–78, 1978–79 and 1979–80; and what it is estimated to be in 1980–81.
§ Mr. Peter Rees[Pursuant to his reply 21 May 1980, c. 212]: The estimated yields are as follows:
£ million 1977–78 255 1978–79 280 1979–80 270 1980–81 320 These represent the surcharge payable on the incomes of each year, rather than receipts in each year.