HC Deb 30 April 2003 vol 404 c372W
Mr. Howard

To 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. Boateng

The 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.