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Financial Services: Pay

Volume 464: debated on Wednesday 10 October 2007

To ask the Chancellor of the Exchequer what assessment he has made of the impact of City bonuses on (a) London’s housing market and (b) increases in housing prices in London in the last five years. (155607)

HM Treasury has made no explicit assessment of the impact of City bonuses on London’s housing market. Prospects for the housing market are examined as part of the usual Budget and pre-Budget report forecasting process.

To ask the Chancellor of the Exchequer if he will undertake an evaluation of the adequacy of the tax rate on City bonuses. (155608)