§ 23. Mr. Adleyasked the Chancellor of the Exchequer if he is satisfied that his taxation policy has resulted in financial institutions committing sufficient funds of risk capital to new commercial ventures; and if he will make a statement.
§ Sir Geoffrey HoweInstitutional investment is affected by many factors, including the prospective return on the funds invested; but, as I said in my reply of 4 July to the hon. Member for Croydon, South (Sir W. Clark)—[Vol. 987, c. 727]—I am arranging for a series of studies into the effects of taxation on the pattern of investment and personal savings..