§ Mr. Norman Lamontasked the Chancellor of the Exchequer whether he will estimate the effect of the Index of Retail Prices of each change in indirect taxes and subsidies made since he took office.
§ Mr. Robert SheldonIt is difficult to estimate with any degree of precision the price effects of past tax changes; however, a summary of the effects of major changes is as follows:
Scheduled Territories. Also any United Kingdom resident may make payments from their own resources to dependants resident anywhere outside the Scheduled Territories of up to £2,000 per calendar year. The Scheduled Territories comprise the United Kingdom including the Channel Islands and the Isle of Man, the Republic of Ireland and Gibralter.