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Compliance Cost Assessments
Ms Ruddock: To ask the Chancellor of the Exchequer how many compliance cost assessments were produced by his Department in 1995; and if he will place copies in the Library. [25270]
Mr. Jack [holding answer 16 April 1996]: The Chancellor's Departments produced 15 compliance cost assessments during 1995, in connection with the following measures. In each case, a copy of the assessment was placed in the Library at the time it was presented to Parliament.
HM Treasury
HM Customs and Excise
The Financial Markets and Insolvency (Money Market) Regulations 1995
The Investment Services Directive (EEC/22/93) and the Capital Adequacy Directive (EEC/6/93)
Inland Revenue
Approval of Inland Clearance Depots
Landfill Tax
Excise: Two Band Duty Structure for Cider
VAT: Groups (preliminary assessment)
VAT: Change to Tour Operators Margin Scheme
VAT: Annual Returns and Annual Payments for Small Businesses Registered for VAT
VAT: Changes to the Payments on Account Scheme for Large VAT Payers
VAT: Implementation of the Second VAT Simplification Directive: Fiscal Warehousing and other Technical Changes
VAT: Extension of the Special Accounting System for Gold
VAT: Credit Notes
Reform of the Taxation of Gilts and Bonds
Proposed Changes to the Construction Industry Tax Deduction Scheme: Registration Cards
Gilt Repo Regulations
Corporation Tax
Mr. Malcolm Bruce: To ask the Chancellor of the Exchequer what is his estimate of the annual yield to Her Majesty's Treasury from corporation tax levied on chargeable gains in the latest year for which figures are available. [21965]
Mr. Jack [holding answer 21 March 1996]: The yield of corporation tax on chargeable gains in 1993-94, the latest year for which reasonably complete information is available, is provisionally estimated to be £250 million. In addition, capital gains tax on individuals raised some £700 million.
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Labour Statistics
Mr. Jim Cunningham: To ask the Chancellor of the Exchequer how many unemployed (i) male and (ii) female 16 to 24-years-olds in the west midlands have (a) never been employed and (b) been unemployed for more than one year. [25001]
Mrs. Angela Knight: Information for the west midlands is available from the labour force survey for autumn--September to November--1995 and is shown in the table, not seasonally adjusted.
| Male | Female | |
|---|---|---|
| ILO unemployed 16-24 year olds of which: | 47,000 | 23,000 |
| Never been in paid employment | 20,000 | 12,000 |
| Been unemployed for one year or more | 13,000 | (2)-- |
(2) Estimate below 10,000 not shown.
Mr. Bradley: To ask the Chancellor of the Exchequer if he will break down the seasonally adjusted spring totals of the economically inactive population between 1979 and 1995 as shown in table 7.1 of labour market trends to
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show the separate totals of men and women who are (a) retired, (b) housewives, (c) under 16-year-olds, (e) long-term sick and disabled and (f) others. [25320]
Mrs. Knight: It is not possible to provide a breakdown of the seasonally adjusted economically inactive data. However, a breakdown of the unadjusted economically inactive data into (a) retired, (b) people looking after the family home, (c) under 16 years, (d) long-term sick and or disabled and (e) others can be obtained via the quantime labour force survey available in the Library.
Earnings Statistics
Mr. Jim Cunningham: To ask the Chancellor of the Exchequer how many employees in the west midlands earned (i) less than £1.50 an hour, (ii) between £1.50 and £2.50 an hour, (iii) between £2.50 and £3.50 an hour, (iv) between £100,000 and £250,000 per annum and (v) more than £250,000 per annum in 1995 prices, in each year since 1979. [24998]
Mrs. Angela Knight: Information from the new earnings survey 1986 to 1995 is shown in the table. Data for the years prior to 1986 can be retrieved only at disproportionate cost.
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| Year | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|
| Percentage of employees earning less than £1.50 per hour in 1995 prices | ||||||||||
| £1.50 in 1995 = | £0.98 | £1.02 | £1.07 | £1.15 | £1.26 | £1.34 | £1.40 | £1.42 | £1.45 | £1.50 |
| Percentage in earnings band | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.9 |
| Percentage of employees earning between £1.50 and £2.50 per hour in 1995 prices | ||||||||||
| £1.50 in 1995 = | £0.98 | £1.02 | £1.07 | £1.15 | £1.26 | £1.34 | £1.40 | £1.42 | £1.45 | £1.50 |
| £2.50 in 1995 = | £1.64 | £1.71 | £1.78 | £1.92 | £2.10 | £2.23 | £2.33 | £3.36 | £2.42 | £2.50 |
| Percentage in earnings band | 1.6 | 1.4 | 1.2 | 1.0 | 1.1 | 1.0 | 1.0 | 0.6 | 0.7 | 1.1 |
| Percentage of employees earning between £2.50 and £3.50 per hour in 1995 prices | ||||||||||
| £2.50 in 1995 = | £1.64 | £1.71 | £1.78 | £1.92 | £2.10 | £2.23 | £2.33 | £3.36 | £2.42 | £2.50 |
| £3.50 in 1995 = | £2.29 | £2.39 | £2.49 | £2.68 | £2.94 | £3.13 | £3.26 | £3.30 | £3.39 | £3.50 |
| Percentage in earnings band | 13.6 | 12.2 | 11.8 | 10.7 | 11.1 | 10.0 | 8.7 | 7.8 | 7.9 | 8.4 |
| Percentage of employees earning between £100,000 and £250,000 per year in 1995 prices(3) | ||||||||||
| £100,000 in 1995 = | £65,549 | £68,322 | £71,007 | £76,711 | £83,960 | £89,329 | £93,154 | £94,362 | £96,779 | £100,000 |
| £250,000 in 1995 = | £163,872 | £170,805 | £177,517 | £191,779 | £209,899 | £223,322 | £232,886 | £235,906 | £241,946 | £250,000 |
| Percentage in earnings band | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Percentage of employees earning more than £250,000 per year in 1995 prices(3) | ||||||||||
| £250,000 in 1995 = | £163,872 | £170,805 | £177,517 | £191,779 | £209,899 | £223,322 | £232,886 | £235,906 | £241,946 | £250,000 |
| Percentage in earnings band | (4)-- | (4)-- | (4)-- | (4)-- | (4)-- | (4)-- | (4)-- | (4)-- | 0.1 | 0.1 |
(3) Annual earnings are estimated by multiplying weekly earnings by 52.14.
(4) No cases in sample.
1995 prices are deflated using the April Retail Prices Index.
Employees on adult rates, whose pay for the survey period was unaffected by absence.
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Capital Costs (Industry)
Mr. Spellar: To ask the Chancellor of the Exchequer what is his Department's estimate of the cost of capital to industry in the United Kingdom; and what are the figures for (a) the United States of America, (b) Germany and (c) Japan. [25386]
Mrs. Angela Knight: There is no universally accepted method for calculating the cost of capital to industry as a whole. All estimates are subject to conceptual and measurement problems, and international comparisons are especially difficult.
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Public Sector Borrowing Requirement
Mr. MacShane: To ask the Chancellor of the Exchequer what is his estimate for the PSBR for the rest of 1996; and how this compares with projections in the 1995 Budget Red Book. [25358]
Mr. Waldegrave: The Budget forecast of the public sector borrowing requirement for 1996-97 was £22½ billion. PSBR forecasts are published only for financial years. The PSBR forecast will be updated in the Treasury's summer economic forecast.
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Mr. MacShane: To ask the Chancellor of the Exchequer what is the expected percentage increase in the PSBR in the financial year 1996-97. [25357]
Mr. Waldegrave: The Budget forecast of the public sector borrowing requirement for 1996-97 was £22½ billion, a reduction of 23 per cent. compared with the forecast for 1995-96.
European Central Bank
Mr. Llew Smith: To ask the Chancellor of the Exchequer what powers the Council of Ministers has to remove a member of the European central bank before the expiry of the eight-year term of appointed office. [24538]
Mrs. Angela Knight: Article 11.2 of the Statute of the European System of Central Banks states that the term of office of members of the Executive Board of the European Central Bank "shall be eight years and shall not be renewable". The Council of Ministers has no powers to remove a member of the executive board once he or she is appointed, although it plays a role in the appointment of members. In accordance with article 11.4, "if a member of the Executive Board no longer fulfils the conditions required for the performance of his duties or if he has been guilty of serious misconduct, the Court of Justice may, on application by the Governing Council or the Executive Board, compulsorily retire him".
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