Individual Savings Accounts (Hansard, 29 March 2004)

HC Deb 29 March 2004 vol 419 cc1236-7W 1236W

§ Mr. Flight
To ask the Chancellor of the Exchequer what his best estimate is of the cost to the Exchequer of 1237W the 10 per cent. credit that individual savings accounts receive on dividend distributions that will be abolished from April in each year since its introduction. [163077]

§ Ruth Kelly
[holding answer 23 March 2004]Estimates of the cost of the 10 per cent, credit received by Individual Savings Accounts since their introduction is given in the following table:

£ million

1999–2000 10

2000–01 30

2001–02 60

2002–03 60

2003–04 ¹70

¹ Provisional.

	£ million
1999–2000	10
2000–01	30
2001–02	60
2002–03	60
2003–04	¹70
¹ Provisional.