§ 44. Ms. Armstrong
To ask the Chancellor of the Exchequer what arrangements he has made with regard to the tax liability of employees in his Department for the proposed child care provision.
§ Mr. Brooke
My Department is participating in one of two multi-departmental holiday play schemes being run in London during school holidays by the Westminster Play Association. The scheme will be treated in the same way as any other scheme would, where tax liability arises only on the net cost to the employer. Taking account of parental contributions, the scheme is broadly self-financing.774W
pressures. Both businesses and mortgage payers have far more to fear from a resurgence of inflation than from a period of higher interest rates.
§ 47. Mr. Latham
To ask the Chancellor of the Exchequer whether he will make a statement on the level of interest rates.