HC Deb 20 November 1967 vol 754 c284W
Mr. Buchanan-Smith

asked the Chancellor of the Exchequer what was the value to the agricultural industry of investment allowances in the last full year before they were replaced by investment grants.

Mr. Harold Lever

The tax saved by the agricultural industry (including horticulture) in the United Kingdom because of investment allowances was about £12 million in the last full year.