§ Mr. GibbTo ask the Chancellor of the Exchequer if he will provide a breakdown of the calculations of his estimate of the tax relief cost arising from the introduction of individual savings accounts and the abolition of PEPs and TESSAs. [19771]
§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what is his estimate of the total gross cost of the tax relief on the planned individual savings accounts in 2000–01; and if he will make a statement. [20683]
§ Mr. Darling[holding answer 15 December 1997]: The estimated cost to the Exchequer of the ISA proposals is broadly similar to the combined cost of TESSAs and PEPs, but estimates are sensitive to assumptions made, e.g. on the level of take up.