§ Mr. Proctorasked the Minister for the Arts if he will estimate the extent of the benefit to the Arts from reduced rates of personal and corporate taxation and the reduced rate of capital transfer tax mentioned in his answer on 20 January, Official Report, column 15; and if he will make a statement.
§ Mr. LuceNo meaningful estimate can be made, but it is reasonable to assume that where a reduction in taxation leaves people and corporations with more disposable income the arts will be likely to benefit accordingly.