§ Mr. John Fraserasked the Chancellor of the Exchequer what is the current estimated accumulated unused tax losses in the corporate sector, excluding public corporations.
§ Mr. WakehamThe latest figures are approaching £40 billion, compared with about £33 billion a year ago. Nearly 20 per cent. of this total relates to the North Sea sector where unused losses should decline in the next year or two. These estimates are extremely tentative.