HC Deb 24 February 1993 vol 219 cc585-6W
Mr. Campbell-Savours

To ask the Chancellor of the Exchequer what meetings he or his departmental officials have had with representatives of the International Monetary Fund in the United Kingdom at which he or they have discussed with them the Government's public expenditure programmes.

Mr. Nelson

[holding answer 23 February 1993]: Under article IV of the articles of agreement of the International Monetary Fund, fund staff carry out regular surveillance of the economies of the member countries. Fund staff visited the United Kingdom on 1 to 11 December 1992 for its annual article IV consultation. This consultation covered all aspects of the Government's economic policy, including public expenditure.

Estimated change in tax revenue at rates in excess of 40 per cent.
Year £ billion
1988–89 2.6
1989–90 3.2
1990–91 3.7
11991–92 3.9
11992–93 3.8
1 Provisional estimates.

The estimates do not allow for any behavioural effect that might have resulted had the tax rates above 40 per cent. been retained, and do not include capital gains tax.