The normal machinery for consultation between the United Kingdom and Isle of Man Governments ensures that we have an opportunity of commenting on any financial measures under consideration in the Isle of Man which might affect the United Kingdom.
Yes, but I hope that my right hon. and learned Friend will comment quite soon. Is he aware that a Measure has practically completed its passage through the Tynwald to abolish Surtax in the Isle of Man? Would he not regard that as an excellent example for his behaviour in his next Budget? In any event, will not this have a grave effect upon his revenue from Surtax in this country, leading, as it undoubtedly will, to substantial transmigration of Surtax payers to the Isle of Man?
In reply to the latter part of my hon. Friend's supplementary question, I am not apprehensive about the consequences. As for the earlier part, he will, of course, not expect me to anticipate my Budget statement.