HC Deb 23 March 1987 vol 113 c37W
Mr. Robin Cook

asked the Chancellor of the Exchequer if he will publish in the Official Report up-to-date figures for fees paid in respect of all privatisation issues since 1979 on a comparable basis to the figures supplied to the hon. Member for Sedgefield (Mr. Blair) on 24 May, Official Report, columns 560–64.

Mr. Norman Lamont

I refer the hon. Member to the reply I gave the hon. Member for Sedgefield (Mr. Blair) on 24 May 1985, at columns560–64, and to the reply I gave the hon. Member for Thurrock (Dr. McDonald) on 12 June 1985, at column 447. Except for the British Telecom and British Aerospace (1985) sales the figures given in these earlier replies, for total fees and commissions paid in the categories specified, are unchanged. Updated figures for those sales and the figures for subsequent sales are given below:

Share sale Fees and Commissions (£000 including VAT)
British Telecom 97,650
British Aerospace 1985 9,381
Britoil 1985 8,100

Total income £ million Total deductions1 £ million Total income tax2 £ million Number of tax units Thousands Number of tax paying units Thousands
United Kingdom 191,000 2,790 37,300 21,900 20,500
England 163,000 2,470 32,100 18,600 17,400
Wales 7,650 103 1,380 961 875
Scotland 16,600 177 3,130 1,900 1,770
Northern Ireland 3,790 47 702 467 439
North 9,130 97 1,620 1,170 1,060
Yorkshire and Humberside 14,500 164 2,640 1,750 1,620
North West 19,700 258 3,650 2,380 2,200
East Midlands 12,400 137 2,280 1,440 1,340
West Midlands 15,600 147 2,860 1,960 1,820
East Anglia 5,940 107 1,130 698 671
South East 68,300 1,300 14,500 7,050 6,710
South West 14,600 233 2,700 1,780 1,660
1 Deductions do not include relief on mortgage interest given at source.
2 Income tax liabilities have been calculated without deduction for reliefs given at source at basic rate, but after allowance for relief due in excess of basic rate.