§ Mr. John MarshallTo ask the Chancellor of the Exchequer what impact the changes in capital gains taxes in the Finance Act 1988 have had on the level of activity on the stock exchange.
§ Mr. Norman LamontI am not aware of any evidence that the changes in capital gains taxes in the 1988 Finance 347W Act have had a significant impact on stock market activity over any period of time since their announcement in the 1988 Budget.