Losses (Public Sector)

HC Deb 27 February 1987 vol 111 c437W

Mr. Wainwright

asked the Chancellor of the Exchequer, pursuant to his reply of 12 February, for what reason he excludes the public sector from the total estimate of losses.

Mr. Norman Lamont

Because the circumstances of the public sector organisations are such that, in the main, there are no implications for corporation tax receipts.