Windfall Tax (Hansard, 12 February 1998)

§ 19. Ms Julie Morgan
To ask the Chancellor of the Exchequer what proposals he has to use the revenues accruing from the windfall tax. [27220]

§ Ms Blears
To ask the Chancellor of the Exchequer if he will make a statement on his policy on spending the windfall levy. [27237]

§ Mr. Gordon Brown
The receipts of the Windfall Tax are being used not only to provide new work and training opportunities for young people, the long-term unemployed, lone parents and persons who are sick and disabled who want the right to work, but also to fund £1.2 billion of capital expenditure for schools, and is contributing to the development of a National Child Care Strategy. I can tell the House that £2.6 billion of the sum has already been paid by the utilities.
378W

§ Mr. Ainger
To ask the Chancellor of the Exchequer how much will be raised in the present financial year from the windfall levy. [27215]

§ Mr. Geoffrey Robinson
The windfall tax is expected to raise some £5.2 billion in total, payable in two equal instalments. The payments made to date are fully in line with our forecast of some £2.6 billion this financial year.