To ask the Chancellor of the Exchequer if he will estimate the additional revenue which would be raised from the proposals to increase the charge to lease duty in his consultative document Modernising Stamp Duty; and if he will publish a report estimating the economic impact on the leasehold property market separately for each of the options. [105601]

In the 2002 Budget, the Government set out its intention to modernise stamp duty, and as part of this reform to review the stamp duty charged on leases. Further information on policy options was published in the consultative document, "Modernising Stamp Duty on land and buildings in the UK," in April 2002. The Chancellor will report on progress in modernising stamp duty in this year's Budget.