§ 10. Mr. GibbTo ask the Secretary of State for the Environment, Transport and the Regions if he will estimate the likely cost to local government pension funds in 1998–99 of the abolition of advance corporation tax credit. [35452]
§ Mr. RaynsfordThe abolition of advance corporation tax credits is one of many factors to be taken into account as part of the actuarial valuation of the local authority pension funds which are about to begin. Information from the exercise will be available shortly.
§ 15. Mr. SwayneTo ask the Secretary of State for the Environment, Transport and the Regions what representations he has received from local authorities over the abolition of the advance corporation tax credit. [35457]
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§ Mr. RaynsfordRepresentations have been received from a number of individual local authorities as well as from the Local Government Association and the United Kingdom Steering Committee on Local Authority pensions.