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Pension Rights (Bankruptcy)

Volume 448: debated on Thursday 6 July 2006

To ask the Chancellor of the Exchequer pursuant to the answer of 28 March 2006, Official Report, columns 864-65W, on pension rights (bankruptcy), what estimate he has made of the revenue foregone as a result of his Department relinquishing its preferred creditor status in insolvency cases. (82499)

I refer the hon. Gentleman to the reply I gave to the hon. Member for Yeovil (Mr. Laws) on 17 September 2003, Official Report, column 868W. Her Majesty’s Revenue and Customs confirm that the estimate given then has not changed.