§ 80. Mr. Silvesterasked the Chancellor of the Exchequer if he will take steps to reduce the composite rate of tax paid by building societies in view of the fact that it is a hindrance to greater deposits.
§ Mr. DiamondI have noted the hon. Member's suggestion, but I cannot anticipate my right hon. Friend's Budget statement.
§ Mr. William Priceasked the Chancellor of the Exchequer (1) how much was paid by building societies in Income Tax during the last 12 months for which figures are available;
(2) how much was paid by building societies in Corporation Tax during the last 12 months for which figures are available.
§ Mr. Harold LeverI would refer my hon. Friend to my replies to Questions 253W by my hon. Friend the Member for Bolton, West (Mr. Oakes) on 20th March.—[Vol. 780, c. 139.]