§ Mr. FraserTo ask the Chancellor of the Exchequer what was the total amount at current prices paid in taxes by privatised firms(a) in the most recent year for which figures are available and (b) since 1979. [10920]
§ Dawn Primarolo[holding answer 28 July 1997]: Corporation tax paid by formerly publicly owned companies since 1987–88 is as follows:
Year £billion 1987–88 1.5 1988–89 1.6 1989–90 1.5 1990–91 2.1 1991–92 2.3 1992–93 2.3 1993–94 1.9 1994–95 2.5 1995–96 2.9 1996–97 2.7 Release of earlier figures would infringe taxpayer confidentiality.
442W
§ Mr. BercowTo ask the Chancellor of the Exchequer how much revenue the formerly nationalised industries have contributed to the Exchequer since privatisation. [11340]
§ Dawn Primarolo[holding answer 29 July 1997]: I refer the hon. Member to the reply I gave to the hon. Member for Mid-Dorset and Poole, North (Mr. Fraser) regarding Exchequer receipts of corporation tax paid by formerly publicly owned companies.