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Sir Trevor Skeet
To ask the Chancellor of the Exchequer if he will express the current level of corporation tax in the United Kingdom as a percentage of gross domestic product and provide comparable figures for other European Community countries and the United States of America.
Mr. Lilley
On the first part of the question I refer my hon. Friend to the reply I gave to the hon. Member for
| Stamp duty yield attributable to residential property and average house prices | ||||||||
| 1985–86 | 1986–87 | 1987–88 | 1988–89 | |||||
| Region | Stamp duty yield | Average house price | Stamp duty yield | Average house price | Stamp duty yield | Average house price | Stamp duty yield | Average house price |
| £ million | £ | £ million | £ | £ million | £ | £ million | £ | |
| North | 5 | 22,754 | 10 | 25,058 | 15 | 23,132 | 15 | 30,667 |
| Yorkshire and Humberside | 10 | 23,756 | 15 | 25,928 | 25 | 28,417 | 40 | 34,805 |
| East Midlands | 15 | 25,863 | 20 | 29,171 | 30 | 33,138 | 55 | 43,272 |
| East Anglia | 15 | 32,549 | 15 | 26,546 | 35 | 45,611 | 45 | 61,310 |
| South East | 145 | 46,392 | 205 | 57,102 | 295 | 68,093 | 360 | 80,249 |
| Greater London | 105 | 42,002 | 150 | 50,061 | 210 | 60,339 | 250 | 76,999 |
| SouthWest | 40 | 34,261 | 60 | 39,811 | 95 | 46,713 | 125 | 61,985 |
| West Midlands | 20 | 26,386 | 25 | 28,810 | 40 | 33,873 | 60 | 45,179 |
| North West | 15 | 25,654 | 20 | 28,072 | 35 | 29,989 | 50 | 35,583 |
| Wales | 5 | 25,333 | 10 | 27,502 | 15 | 30,210 | 25 | 36,007 |
| Scotland | 20 | 27,260 | 30 | 28,115 | 30 | 29,428 | 40 | 32,031 |
| Northern Ireland | 23,513 | 26,749 | 28,094 | 30,335 | ||||
| Total | 400 | 570 | 820 | 1,065 | ||||
Note: Regional figures may not add to totals due to rounding.
Great Grimsby (Mr. Mitchell) on 1 March 1990, Official Report, column 265. The most recent comparable figures for European Community countries and the United States of America are given in table 12 of "Revenue Statistics of OECD Member Countries 1964–1988" which is available in the Library.