§ Tim LoughtonTo ask the Chancellor of the Exchequer how much debt has yet to be repaid to the US by the UK Government in settlement of military equipment provision during World War II. [134817]
§ Ruth KellyThe Supplementary Statements to the Consolidated Fund and National Loans Fund Accounts for 2001–02, presented to Parliament on 19 December 2002, provides the latest published data on these loans. As at 31 March 2002 principal of $289,985,203 (£203,641,294 at the exchange rate on that day) was outstanding on the loans provided by the United Sates Government in 1945. A further repayment of principal, amounting to US$66,381,002.61, was made at the end of December 2002, which reduced this figure.
Proportion of taxes paid by decile groups of ALL households, 2001–02 Decile groups of all households ranked by equivalised disposable income Bottom 2nd 3rd 4th 5th 6th 7th 8th 9th Top Decile points (equivalised £) 8,214 10,356 12,361 14,670 17,179 19,910 23,691 28,469 37,095 Proportions of taxes (percentage) Income tax 1 1 2 3 5 7 10 13 18 40 All taxes (direct and indirect) 4 4 4 6 7 9 11 13 16 26 Source:
Office for National Statistics, based on the analysis 'The effects of taxes and benefits on household income 2001–02'.