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Default Surcharge

Volume 170: debated on Wednesday 28 March 1990

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To ask the Chancellor of the Exchequer if the review of the operation and impact of the default surcharge has been completed; and if he will make a statement.

The review we announced in July 1988 has been completed. A very thorough examination of the operation and effectiveness of the default surcharge was carried out and very careful consideration was given to the submissions made by many interested parties. We have, however, no plans for changes at the present time, although the matter will be kept under constant review.