§ Mr. Nicholas Baker
asked the Chancellor of the Exchequer how many representations have been received in reply to the announcement in his Budget speech that a review was being made of capital taxation with a view to legislation at an early date.
§ Sir Geoffrey Howe
My statement in the Budget speech that we would proceed with a thorough study of capital taxation with a view to legislation at an early date has evoked a widespread response and to date representations have been received from 19 representative bodies and well over 100 individuals. I understand that others are contemplating making representations. It would be convenient if they did so as soon as possible to ensure that due consideration is given to their views in the context of our desire to legislate at an early date.