Import Substitution

HC Deb 29 July 1975 vol 896 cc457-8W

Mr. Edge

asked the Chancellor of the Exchequer what plans his Department has to encourage the shift of resources into import substitutes.

Mr. Dell

The measures by which we plan to encourage the shift of resources into import substitutes include the new pay policy, which should help United

Finance Act 1975; they are of the tax equivalent of the relief due, regardless of whether the company or firm had sufficient profits in that year to take advantage of them.