HC Deb 31 March 1998 vol 309 cc489-90W
10. Mr. Gibb

To ask the Secretary of State for the Environment, Transport and the Regions if he will estimate the likely cost to local government pension funds in 1998–99 of the abolition of advance corporation tax credit. [35452]

Mr. Raynsford

The abolition of advance corporation tax credits is one of many factors to be taken into account as part of the actuarial valuation of the local authority pension funds which are about to begin. Information from the exercise will be available shortly.

15. Mr. Swayne

To ask the Secretary of State for the Environment, Transport and the Regions what representations he has received from local authorities over the abolition of the advance corporation tax credit. [35457]

Mr. Raynsford

Representations have been received from a number of individual local authorities as well as from the Local Government Association and the United Kingdom Steering Committee on Local Authority pensions.