§ 59. Mr. Cooper
asked the President of the Board of Trade what is the cost of the new investment proposals for a full year, after taking into consideration savings in existing investment allowance.
§ Mr. Jay
I estimate that the total investment grants payable by my Department in respect of investment for the current year will be of the order of £250 million. The timing and size of Exchequer savings from the changes in the tax allowances for investment will depend on a number of factors, including the rate of Corporation Tax.