§ Mr. Ridleyasked the Chancellor of the Exchequer in what assets the Treasury's foreign currency reserves are invested; and what return is being earned on those assets.
§ Mr. Robert Sheldon,pursuant to his reply[Official Report,7th November 1977; Vol. 938, c.37], gave the following information:
80Wproportion of gross domestic product at factor costs and market prices absorbed by (a) income tax (including child benefit adjustments),(b) income tax plus indirect taxes and excise duties,(c)income tax plus indirect taxes and excise duties plus employees' social security contributions, and (d) Government revenue as a whole.
§ Mr. Robert SheldonI will let the hon. Member have a reply as soon as possible.