asked the Chancellor of the Exchequer if he will introduce legislation to exempt from capital gains tax holdings of not more than £1,000 in unit trusts.

I have noted my hon. Friend's proposal.

asked the Chancellor of the Exchequer what assessment he has made of the impact of capital gains tax on investment trusts and unit trusts; and what proposals he has to abolish or modify the tax in respect of these securities.

This is being examined in the course of our review of capital gains tax.