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Minimum Lending Rate

Volume 974: debated on Tuesday 27 November 1979

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asked the Chancellor of the Exchequer what is his estimate of the increases in profits likely to accrue to the financial sector as a result of the increase in minimum lending rate in the current year; and whether he will require the institutions concerned to bring forward the payment of next year's tax and so help reduce the public sector borrowing requirement.

No such estimate is available. There are many other considerations involved in decisions on taxation.