Business Expansion Scheme

HC Deb 24 July 1991 vol 195 c609W

Mr. George Howarth

To ask the Chancellor of the Exchequer what amount of business expansion scheme expenditure has been allocated or is programmed for each year from 1988–89 to 1992–93.

Mr. Maude

[holding answer 23 July 1991]: The latest estimates of the cost of income tax relief for the business expansion scheme are as follows:

	£ million
1988–89	150
1989–90	175
1990–91	1120
1 Provisional estimates.

Costs in 1991–92 and 1992–93 will depend on amounts raised in those years.