asked the Chancellor of the Exchequer whether he will publish in the Official Report his estimate of the amount of stamp duty payable on share transactions (a) since deregulation in the stock markets and (b) in a comparable period the previous year; and what is the implied rate at which the share capital of the listed companies is being turned over annually.

[pursuant to his reply, 23 March 1987, c. 39]: Receipts of stamp duty and stamp duty reserve tax on share transactions in the period from 27 October to the end of February were:

	£ million
1985–86	220
1986–87	260

The implied rates of turnover of the ordinary share capital of United Kingdom registered companies indicated by these figures are 9 per cent. and 16·2 per cent. respectively.