|Previous Section||Index||Home Page|
23 Jan 2003 : Column 429Wcontinued
Lynne Jones: To ask the Chancellor of the Exchequer what his estimate is of further savings that will be made if the rules of public service pension schemes are changed so that new members receive an unreduced pension from age 65. 
Ruth Kelly: As noted in Cm 5677, "Simplicity, security and choice: Working and saving for retirement", the Government envisages that the higher pension age might be introduced in most schemes as part of a package of changes to pension arrangements. This would allow for improvements to benefits which employers and staff value and have a positive impact on staff recruitment and retention, including greater flexibility in the transition from work to retirement, and help the financial sustainability of public service pension schemes. Also, while it is envisaged that the new pension packages will be introduced for new employees, the Government will also be consulting on how and to what timescale the higher pension age and any associated enhancement to benefits could be extended to existing employees while protecting rights already accrued. Against that background there are too many uncertainties to give estimates of any likely net costs or savings and these will only become available as proposals are worked up for individual public services after full consultation with staff representatives. The effects of increasing pension ages would also vary considerably from scheme to scheme and build up gradually over time.
Mr. Flight: To ask the Chancellor of the Exchequer what estimate he has made of the total amount of money that was spent on research and development by small and medium-sized companies in (a) 199899, (b) 19992000, (c) 200001 and (d) 200102. 
Matthew Taylor: To ask the Chancellor of the Exchequer how many of the recommendations made by Grant Thornton in its Action Plan on the Royal Mint had been addressed by 31 December 2002; if he will place a report on the actions in the Library; and if he will make a statement. 
23 Jan 2003 : Column 430W
Ruth Kelly: Of the 70 recommendations contained in the above report, 67 have been completed. Of the remaining three, one is being addressed as part of a new Code of Practice for the Royal Mint and will be put in place by the end of March 2003 (Grant Thornton recommendation 14); one is on schedule to be completed by the agreed date of end March 2003 (Grant Thornton recommendation 32); and one has been found to be impracticable as there is no software available for our current systems (recommendation 62).
Dawn Primarolo: Budget 2002 introduced measures to modernise the corporate tax environment, providing longer-term stability and the best possible environment for investment. A series of targeted measures, such as tax credits for R&D and an exemption for capital gains on substantial shareholding, were introduced; as well as cutting the starting rate of corporation tax to zero and a reduction in the small companies rate to 19 per cent.
Dawn Primarolo: Budget 2002 introduced measures to modernise the corporate tax environment, providing longer-term stability and the best possible environment for investment. A series of targeted measures, such as tax credits for R&D and an exemption for capital gains on substantial shareholding, were introduced, as well as cutting the starting rate of corporation tax to zero and a reduction in the small companies rate to 19 per cent.
Matthew Taylor: To ask the Chancellor of the Exchequer what estimate he has made of the revenue yield of a 49 per cent. income tax rate on (a) taxable income and (b) gross incomes exceeding £100,000 per annum; if he will estimate in each case the (i) income tax and (ii) capital gains tax yield; and if he will make a statement. 
|(i) Income Tax yield £ billion||(ii) Capital Gains Tax yield £ million|
|(a) 49 per cent. rate for taxable incomes over £100,000||4.5||100|
|(b) 49 per cent. rate for gross incomes over £100,000||4.6||100|
23 Jan 2003 : Column 431W
Mr. Stephen O'Brien: To ask the Chancellor of the Exchequer what procedures are in place to ensure that revenue underspend by other Government Departments are (a) recognised by HM Treasury and (b) factored into decision making in future spending reviews. 
Mr. Boateng: Spending is monitored by the Treasury. The End Year Flexibility (EYF) system allows Departments to carry forward unspent budgets within departmental expenditure limits. Departments' EYF entitlements are published every year in the Public Expenditure Outturn White Paper. Departmental allocations in the Spending Review take account of all relevant factors.
Jane Kennedy: It is wholly regrettable that cameras and associated equipment installed to protect the local community have been attacked. The cost to date of replacing damaged CCTV equipment is £23,800. This does not include the costs to the PSNI (and the army) of supervising the replacement of damaged equipment.
Mr. Llwyd: To ask the Secretary of State for Wales if he will ensure that the Welsh mining industry is provided with financial assistance on a basis similar to the English Partnerships National Coalfield Programme; and if he will make a statement. 
23 Jan 2003 : Column 432W
|Next Section||Index||Home Page|