§ Mr. Ieuan Wyn JonesTo ask the Chancellor of the Exchequer how many letters have been received by his Department suggesting the implementation of a tax deferral scheme allowing firms to reinvest their profits for a three-year period.
§ Mr. LilleyMy right hon. Friend the Chancellor received one such suggestion before his Budget this year; and from time to time he receives letters proposing favourable tax treatment for profits retained in a business.