HC Deb 08 February 1966 vol 724 c45W
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.