§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer (1) if he will make a statement on(a) the social and (b) the economic arguments for the abolition of capital taxes; [36222]
(2) what are the implications of the abolition of capital taxes for (a) the rate of other taxes, (b) benefit levels and (c) expenditure on essential services. [36220]
§ Mr. JackI regret that it has not been possible to provide a substantive answer before the summer recess. I shall write to the hon. Member shortly and place a copy of the letter in the Library.