§ Mr. Wrigglesworthasked the Chancellor of the Exchequer what is his latest estimate of the total yield resulting from the reintroduction of the investment income surcharge at the rate prevailing in 1983–84 on the basis of the lower threshold; indexed to 1986–87 prices.
§ Mr. Norman LamontThe direct revenue yield from an investment income surcharge of 15 per cent. on investment income over £8,300 in 1986–87 would be about £450 million in a full year. This estimate does not allow for any possible behavioural effects.