§ Mr. HowardTo ask the Chancellor of the Exchequer if he will set out the basis for his calculations of increased corporation tax receipts, as summarised in paragraph C46 of Budget 2003. [110228]
§ Mr. BoatengThe increase in corporation tax receipts shown in Budget 2003 is largely due to the expectation that financial company profits will return to their medium-term trends as recovery in the world economy becomes more firmly established and gathers pace.