HC Deb 05 June 1980 vol 985 cc803-4W
34. Sir Anthony Royle

asked the Chancellor of the Exchequer if he will introduce legislation to provide interim discretionary relief for small business men who suffer financial loss as a result of high interest rates and delayed repayment of value added tax by the Revenue.

Mr. Peter Rees

No. It would be wrong to exempt individual sectors from the inevitably painful measures needed to reduce inflation. But there is no doubt that as our policies take effect interest

carried out and both will be undertaken on a 10 per cent, sample basis.

Forward to