§ Mr. Roperasked the Chancellor of the Exchequer if he will extend capital allowances, at present available for industry, to the retail trade; and what he estimates the cost would be.
§ Mr. Denzil DaviesThe same capital allowances for machinery and plant are available to the retail trade as for industry. As to retail buildings I would refer my hon. Friend to my right hon. Friend's Budget Statement on 6th April. —[Vol. 909, c. 248.] The cost of extending the allowances to capital expenditure occurred on new retail buildings is estimated to be £65 million in a full year.
§ Mr. Roperasked the Chancellor of the Exchequer if he will extend capital allowances to all commercial buildings; and what he estimates the cost would be.
§ Mr. Denzil DaviesI refer my hon. Friend to my right hon. Friend's Budget Statement on 6th April.—[Vol. 909, c. 248.] If allowances were to be given on capital expenditure on all new commercial buildings at the current rates for industrial buildings the cost is estimated to be £480 million in a full year.