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68.
Mr. Hubbard-Miles
asked the Chancellor of the Exchequer what proportion of applications for personal equity plans so far received have come from taxpayers paying tax at basic rate only.
Mr. Norman Lamont
Full information is not available because subscribers to a personal equity plan will obtain tax relief automatically without having to give details of
| (a) | (b) | (c) | (d) | |
| Total benefits paid to unemployed people1 (£ million cash) | Total Redundancy payments from the Redundancy Fund (£ million cash) | (a) plus (b) as a proportion of Gross Domestic Product (percentage) | Revenue from North Sea Tax2 (£ million cash) | |
| 1981–82 | 4,020 | 422 | 1·7 | 6,491 |
| 1982–83 | 5,010 | 382 | 1·9 | 7,814 |
| 1983–84 | 5,720 | 379 | 2·0 | 8,782 |
| 1984–85 | 6,330 | 289 | 2·0 | 12,002 |
| 1985–86 | 6,960 | 296 | 2·0 | 11,400 |
| 1986–87 | 7,420 | 205 | 2·0 | 4,800 |
| 1987–88 | 7,350 | 71 | 1·8 | 3,900 |
| 1 Includes rate rebates. | ||||
| 2 Royalties, petroleum revenue tax (including advance payments), and corporation tax from North sea oil and gas production (before advance corporation tax set off). | ||||