§ Matthew TaylorTo ask the Chancellor of the Exchequer if he will estimate the revenue yield of abolishing taper relief for financial years 2003–04 and 2004–05 and reintroducing indexation and retirement relief; and if he will make a statement. [90174]
§ Dawn PrimaroloConsistent with the assumptions of the November 2002 Pre-Budget Report forecast, the full year yield in 2003–04 from re-introducing indexation and retirement relief and abolishing taper relief is estimated to be £200 million. Information for 2004–05 is available only at disproportionate cost.