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31 Oct 2002 : Column 995W—continued
Private Finance Initiative
Mr. Andrew Turner: To ask Mr Chancellor of the Exchequer what his assessment is of the aggregate liability of public funds for PFI schemes concluded in each year since 1997. [78294]
Mr. Boateng: Detailed figures setting out estimates of future payments to be made under PFI contracts are published in the Financial Statement and Budget Report each year. Table C19 of Budget 2002 includes the latest projections of estimated payments for services provided under the Private Finance Initiative for the years 2002–03 to 2027–28.
In line with past practice, I expect to update these figures shortly.
Mr. Andrew Turner: To ask the Chancellor of the Exchequer what his assessment is of the capital value of PFI schemes concluded in each year since 1997. [78295]
Mr. Boateng: Estimates of capital investment by the private sector in support of PFI projects (both signed and those at preferred bidder) are published in the Financial Statement and Budget Report each year. Tables C17 and C18 of Budget 2002 include the latest projections of capital expenditure by the private sector under the private finance initiative, broken down by department, for 2002–03 to 2004–05. In line with past practice, I expect to update these figures shortly.
Savings Gateway and Baby Bond
Mr. Love: To ask the Chancellor of the Exchequer what consultation has taken place regarding the introduction of a (a) baby bond and (b) savings gateway; and if he will make a statement. [78092]
Ruth Kelly: Proposals for the Child Trust Fund and Saving Gateway were launched in April 2001 in the consultation document entitled XSaving and Assets for All". A follow up consultation document entitled
31 Oct 2002 : Column 996W
XDelivering Saving and Assets" was published in November 2001. XDelivering Saving and Assets" reported back on the responses received in the first round of consultation, announced proposals to launch pilots for the Saving Gateway and raised more detailed questions on the delivery model for the Child Trust Fund.
The XDelivering Saving and Assets" consultation ended on 28 February 2002. Pilots for the Saving Gateway were launched in August 2002. A statement on the development of the Child Trust Fund and Saving Gateway proposals will be included in the pre-Budget report.
Small Business (Insurance Premium Costs)
Mr. Salmond: To ask Mr Chancellor of the Exchequer what action he is taking to alleviate the effect on small businesses of increases in insurance premium costs since 11 September 2001; if he will estimate the impact of Government policy on increasing insurance costs on small businesses. [78211]
Ruth Kelly: The Government is aware of the recent rise in insurance premiums and the particular problems faced by some small businesses. The Government is working with trade associations, the insurance industry and organisations such as the Federation of Small Businesses, to try and maximize the availability of affordable liability insurance cover.
Split Capital Trusts
Mr. Love: To ask Mr Chancellor of the Exchequer what consultations have taken place with the Financial Services Authority regarding concerns over misselling of split capital trusts; and if he will make a statement, [78086]
Ruth Kelly: The Treasury is in regular contact with the FSA on a wide range of issues.
Tax Receipts
Mr. Hoban: To ask the Chancellor of the Exchequer if he will make a statement on the (a) level of tax receipts and (b) estimate made at the time of the budget for (i) income tax, (ii) stamp duty, (iii) corporation tax and (iv) capital gains tax. [78178]
Dawn Primarolo [holding answer 29 October 2002]: The Budget estimates of net tax receipts are shown in Table C7 on page 217 of the April 2002 Financial Statement and Budget Report.
Tax Revenue
Mr. Clappison: To ask the Chancellor of the Exchequer what his Department's projected income from (a) tax revenue and (b) corporation tax revenue is for (i) the financial year 2002–03 and (ii) each of the next three financial years. [78835]
Mr. Boateng: Consistent with the Code for Fiscal Stability, an interim update of projections for tax receipts will be published in the forthcoming pre-Budget Report.