§ 73. Major-General James d'Avigdor-Goldsmid
asked the Chancellor of the Exchequer whether he will give an estimate of the amount of man-hours that will be saved to industry and the public service by the introduction of investment allowances instead of investment grants.
§ Mr. Maurice Macmillan
In the case of the public services the ending of the Investment Grant Scheme will eventually result in a saving of about 1,000 staff. I am confident that the change in the system of investment incentives will significantly reduce the administrative load on industry.