HC Deb 27 July 1965 vol 717 cc61-2W
51. Mr. R. W. Elliott

asked the Chancellor of the Exchequer what action he has taken to ensure the return of the value of investment allowances to their level under the former administration, for investment in development districts.

Mr. Diamond

I cannot agree that there will, in any real sense, be a fall in the value of investment allowances when Corporation Tax is introduced. Nor am I satisfied that the needs of development districts are best met by variations in the rates of these allowances.