§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what is his estimate of the percentage of the total revenue from the windfall tax which will be spent on the New Deal for the young unemployed over the period 1997 to 2002; and if he will make a statement. [36454]
§ Mr. Geoffrey Robinson[holding answer 30 March 1998]: The allocation of the revenue from the windfall tax is set out in the Financial Statement and Budget Report, March 1998 (House of Commons No 620). Table 3.1: Funding Welfare to Work indicates that, over the period 1997 to 2002, £2.62 billion is allocated to the New Deal for the young unemployed programme. This represents just over 50 per cent. of the £5.2 billion expected revenue from the windfall tax.