§ Mr. CashTo ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on proposals by the European Commission relating to tax rates on savings. [135380]
§ Dawn PrimaroloI have been asked to reply.
At the Feira European Council in June, the Prime Minister and the Chancellor persuaded the EU to accept exchange of information rather than a withholding tax on cross-border savings income as the way forward. This illustrated the success of the Government's policy of constructive engagement on EU issues.