HC Deb 13 March 1997 vol 292 c319W
21. Mr. Clifton-Brown

To ask the Chancellor of the Exchequer if he will make a statement on the economic impact of windfall gains arising from(a) the demutualising of building societies and (b) takeovers of life assurance companies. [18542]

Mrs. Angela Knight

Experience and recent surveys suggest that most of the payouts will be saved rather than spent. Therefore, I expect them to have a relatively small impact on consumers' expenditure this year.

Mr. Dover

To ask the Chancellor of the Exchequer what representations he has received on the legality of a windfall tax on privatised companies; and if he will make a statement. [19424]

Mr. Jack

No such representations have been received.