§ Mr. Austin MitchellTo ask the Secretary of State for the Environment whether he will publish in theOfficial Report a table showing the forecast revenue from rates in the current financial year, and the estimated revenue from a 1 per cent, levy on the current value of (a) residential property, (b) agricultural and horticultural land and premises, (c) factories, and so on, (d) shops, (e) offices and (f) other land and premises; and if he will include a figure for the yield of a 1 per cent, tax on all personal incomes.
§ Mrs. Virginia BottomleyThe forecast yield of rates in the United Kingdom for 1988–89 is £19–2 billion. The revenue from a 1 per cent, levy on estimated end 1986 market values is as follows:
£ billion Residential property 6.9 Agricultural land, buildings and forestry 0.3 Industrial buildings 0.3 Commercial buildings 1.9 Other buildings 1.1 The yield of a 1 percent, tax on total household income in 1986 is estimated to be £3.1 billion. More up-to-date estimates are not yet available.