§ Mr. FlightTo ask the Chancellor of the Exchequer what assessment he has made of the effect on the savings rate in the United Kingdom of increasing taxes on the income from savings; and if he will make a statement. [13030]
§ Mr. Geoffrey RobinsonThe effect would depend on the nature of the increase and how it was distributed.
§ Mr. FlightTo ask the Chancellor of the Exchequer what was the effect on the savings rate in the United Kingdom of the elimination of the investment income surcharge. [13711]
§ Mr. Geoffrey RobinsonThe saving ratio is dependent on many factors which would make it very difficult to isolate the effect of abolishing the investment income surcharge.