§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will provide an up-to-date estimate of the yield of stamp duty on the sale of domestic premises in the current financial year and in 1988–89, with a breakdown by regions where possible.
§ Mr. Lilley[pursuant to his reply, 28 July 1989, c. 851]: The table gives the estimated yield from stamp duty on residential property in 1988–89, broken down by regions. Estimates for Scotland and Northern Ireland are very tentative since the information available does not distinguish receipts from conveyances of residential property in these regions.
Region £ million North 15 Yorkshire and Humberside 35 East Midlands 50 East Anglia 50 South East 375 Greater London 255 South West 130 West Midlands 55 North West 50 Wales 25 Scotland 40 Northern Ireland 1,080 The forecast of stamp duty receipts in 1989–90, which was published in the 1989–90 "Financial Statement and Budget Report", included a forecast of £1,000 million for stamp duty on residential property. A regional breakdown of this figure is not available.