§ Mr. Stephen O'BrienTo ask the Chancellor of the Exchequer what assessment he has made of the effects of Government policy on pensions dividend tax in relation to the value of stocks and shares listed on the(a) FTSE 100 share index and (b) FTSE 250 share index. [81783]
§ Ruth KellyThe Government ended the payment of dividend tax credits to pension providers and other tax-exempt investors in order to encourage companies to retain more of their profits for investment and long-term growth. Over time, this measure will help to enhance the value of stocks and shares in listed companies.