The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Austin Mitchell
To ask the Chancellor of the Exchequer (1) if he will make a statement on (a) the social and (b) the economic arguments for the abolition of capital taxes; [36222](2) what are the implications of the abolition of capital taxes for
(a) the rate of other taxes, (b) benefit levels and (c) expenditure on essential services. [36220]
Mr. Jack
I regret that it has not been possible to provide a substantive answer before the summer recess. I shall write to the hon. Member shortly and place a copy of the letter in the Library.