To ask the Chancellor of the Exchequer what representations he has received about his proposals to abolish foreign income dividends; and if he will make a statement. [8928]

I refer the right hon. Member to the answer I gave him on 21 July, Official Report, column 445. We have received several representations from United Kingdom-owned companies that obtain a high proportion of their profits from overseas, and as my hon. Friend the Paymaster General stated in Standing Committee on the Finance Bill on 22 July, we welcome their views and shall find a way froward that balances the interests of the Exchequer with those of the companies involved.