HC Deb 18 July 2002 vol 389 c467W
28. Miss McIntosh

To ask the Chancellor of the Exchequer what recent assessment he has made of the impact of dividend tax credits on the level of savings. [68429]

Ruth Kelly

No such assessment has been made. The abolition of payable tax credits was part of a wider reform of corporate taxation, including lower rates of corporation tax, designed to foster economic growth and in time generate better rates of return for savers and investors generally.