To ask the Secretary of State for Wales if he will estimate the change in costs for companies in Wales as a result of changes in taxation since 1 May 1997. [33625]

I have been asked to reply.All taxpaying companies will benefit from the 2 per cent. cut in corporation tax rates announced in the last Budget. Details of other tax measures are shown in table 2.2 of the July 1997 Financial Statement and Budget Report. No separate figures are available for companies in Wales.