§ Mr. DarlingTo ask the Chancellor of the Exchequer (1) how many participants in profit-related pay schemes were taxed at marginal rates of(a) 20 per cent., (b) 25 per cent. and (c) 40 per cent. in each year since 1988–89;
(2) what information he has on the distribution of salaries among participants in profit-related pay schemes in each year since 1988–89;
(3) what information he has on the distribution of payments among the participants in profit-related pay schemes in each year since 1988–89; how many of the participants failed to obtain a payment under the scheme; how many of the participants received a maximum payment under the scheme; and how many of the participants obtained a payment yielding the maximum tax relief under the scheme.
§ Sir George Young[holding answer 2 March 1995]: I regret that the information requested is not available.
§ Mr. DarlingTo ask the Chancellor of the Exchequer what evidence he has of the effect of profit-related pay schemes on(a) the companies concerned and (b) the economy.
§ Sir George Young[holding answer 2 March 1995]: Studies on profit-sharing schemes generally suggest that they are associated with increased employee involvement and increases in productivity.