Part of Oral Answers to Questions — Treasury – in the House of Commons am 12:00 am ar 13 Mawrth 1997.
My hon. Friend is entirely right, and his assertion was supported by Professor Littlechild when he gave evidence to a Select Committee. He said that shareholders would be the first in line if there were a windfall tax of whatever amount. Whether it was £3 billion, £5 billion or £10 billion, it would be a dawn raid on the shareholder-owners of this country's privatised companies.