§ Mr. Chaytor
To ask the Chancellor of the Exchequer what plans he has to contribute to the study into the concept of a currency transaction tax, as agreed at the recent special session of the United Nations General Assembly on Social Development; and if he will make a statement. 
§ Miss Melanie Johnson
[holding answer 27 July 2000]: The Special Session agreed to undertake an analysis of proposals for developing new and innovative sources of funding for social development. One of these proposals is likely to be a tax on international currency transactions. The Government will keep in touch with the UN study as it progresses. We expect that UK Government and non-government organisations will be able to contribute to the UN analysis.