§ Mr. Arthur Lewis
asked the Chancellor of the Exchequer whether in his forthcoming Budget, he will take action to increase to a penal extent taxation on payments of excessive golden handshakes to those vacating directorships.
§ Mr. Ridley
I have noted the hon. Member's suggestion, but would draw his attention to section 43 of the Finance Act 1982, which restricts the tax relief available on large payments on termination of employment.