§ Mr. Gordon BrownTo ask the Chancellor of the Exchequer how much tax is paid annually by zero rate tax payers on bank and building society interest.
§ Mr. Norman LamontIn 1987–88, about £450 million of the composite rate tax accounted for by building societies, banks and other deposit-takers was due in respect of interest that would not have been liable to tax in the hands of its recipients in the absence of a composite rate system.