HC Deb 06 April 1989 vol 150 c258W
71. Mr. Sheerman

To ask the Chancellor of the Exchequer what was his original forecast for the take-up of PEP schemes; and what is his latest estimate of the number of existing schemes.

151. Ms. Ruddock

To ask the Chancellor of the Exchequer what was his original forecast for the take-up of personal equity plan schemes; and what is his latest estimate of the number of existing schemes.

Mr. Norman Lamont

When personal equity plans were announced in the 1986 Budget it was recognised that take-up would be heavily influenced by external factors. The estimated cost of the scheme assumed that take-up could reach 500,000 in the first year. Latest information suggests that more than 400,000 plans have been taken out to date.

104. Ms. Short

To ask the Chancellor of the Exchequer what percentage of those investing with personal equity plan schemes are higher rate taxpayers.

Mr. Norman Lamont

I regret that the information is not available.