Windfall Levy (Hansard, 5 June 1997)

§ Mr. Lansley
To ask the Chancellor of the Exchequer if he will make a statement regarding the effect of the proposed windfall tax on utilities which have never been in public ownership. [1644]

§ Mr. Geoffrey Robinson
The Chancellor of the Exchequer will announce details of the windfall levy in his Budget statement.

§ Sir George Young
To ask the Chancellor of the Exchequer if(a) the privatised train operating companies, (b) Railtrack, (c) the rolling stock companies, (d) bus companies, (e) airports and (f) ports fall within his public definition of companies liable to a windfall tax. [1508]

§ Mr. Robinson
The Chancellor of the Exchequer will announce details of the windfall levy in his Budget statement.

§ Mr. Jack
To ask the Chancellor of the Exchequer if he will list the individual companies which he assesses to have made excess profits since they were privatised. [1850]

§ Mr. Robinson
[holding answer 2 June 1997]: The Chancellor of the Exchequer will announce details of the windfall levy in his Budget statement.

Mr. Bruce
To ask the Chancellor of the Exchequer what assessment he has made of how the levels of investment and employment in the utilities will be affected by a windfall levy. [685]

§ Mr. Robinson
The Government will take all relevant considerations into account in designing the windfall levy; to this end, we have invited representations from companies on the technical operation of the levy and are consulting the regulators.