§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what is his estimate of the increases in profits likely to accrue to the financial sector as a result of the increase in minimum lending rate in the current year; and whether he will require the institutions concerned to bring forward the payment of next year's tax 621W and so help reduce the public sector borrowing requirement.
§ Mr. LawsonNo such estimate is available. There are many other considerations involved in decisions on taxation.