HC Deb 14 April 1960 vol 621 c141W
Mr. Green

asked the Chancellor of the Exchequer the cost to the Revenue in the year ended 5th April, 1960, of initial allowances and investment allowances separately; and the estimated cost of the same allowances in the year to 5th April, 1961.

Mr. Barber

About £140 million and £12 million respectively in 1959–60 and £95 million and £90 million in 1960–61. The effect of initial allowances is that smaller annual allowances are given in subsequent years.