Tax/Social Security Changes (Budget) (Hansard, 30 April 2003)

HC Deb 30 April 2003 vol 404 c377W 377W

§ Mr. Howard
To ask the Chancellor of the Exchequer if he will set out the basis for his calculations of increases in net taxes and social security contributions as a percentage of GDP in the years to 2007 as summarised in Table C10 of Budget 2003. [110227]

§ Mr. Boateng
Changes in net taxes and social security contributions as a percentage of GDP, as shown in Table Cio of Budget 2003, are due to a number of factors, includingThe return to trend of financial company profits from their current levels; Normal fiscal drag; and Measures announced in Budget 2002.