§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what is his estimate of the yield from stamp duty on the sale of residential property in the current financial year and the proportion of the housing stock represented by those sales together with their implied capital value.
§ Mr. Norman LamontThe information is as follows:
Estimated yield from residential property £1,150 million Proportion of housing stock in United Kingdom 7 per cent. Implied capital value £115 billion