Skip to main content

Savings

Volume 300: debated on Friday 7 November 1997

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer what assessment he has made of the effect on the savings rate in the United Kingdom of increasing taxes on the income from savings; and if he will make a statement. [13030]

The effect would depend on the nature of the increase and how it was distributed.

To ask the Chancellor of the Exchequer what was the effect on the savings rate in the United Kingdom of the elimination of the investment income surcharge. [13711]

The saving ratio is dependent on many factors which would make it very difficult to isolate the effect of abolishing the investment income surcharge.