§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer to what he ascribes the difference between the 1986 Budget estimate and the latest estimate of the revenue from stamp dutis in 1986–87; and if he will break down the figures in table 6B.3 of the financial statement and Budget report 1987–88 to show where the latest estimate diverged from the original forecast and where the forecast for 1987–88 differs from the latest estimate for 1986–87.
§ Mr. Ian Stewart
The difference can be ascribed mainly to increased turnover and prices in the property and stock markets. The breakdown of the figures requested is as follows:
(£ million) 1986–87 1987–88 Budget 1Outturn Forecast Land and buildings 605 710 875 Shares 590 850 890 Other duties 230 290 310 TOTAL (rounded) 1,430 1,850 2,100 1 Latest estimate.