§ Mr. Ian Stewartasked the Chancellor of the Exchequer whether he will estimate, in terms similar to those used on pages 24–5 of"The Government's Expenditure Plans 1978–80 to 1982–83"the annual revenue lost by reason of the fact that capital gains tax is not liable on disposal of Government securities where they have been held over for more than 12 months.
§ Mr. Robert SheldonI regret that it is not possible to estimate the cost of this relief. I refer the hon. Member to page 27 of the White Paper on public expenditure (Cmnd. 7439).