§ Mr. Newtonasked the Chancellor of the Exchequer when he expects to make a further statement about the future of stock appreciation allowances.
§ Mr. Denzil Davies,pursuant to his reply [Official Report, 8th February 1977; Vol. 925, c. 605], gave the following information:
My right hon. Friend has already made clear that the present interim system of stock relief will continue through the next financial year, while the Inland Revenue consults industry and the accountancy profession. He does not, therefore, expect to make an early further announcement.