§ Mr. Heddleasked the Chancellor of the Exchequer whether he will estimate the total annual expenditure which has qualified for capital allowances in respect of industrial buildings and structures for each of the years since the operation of the Capital Allowances Act 1968.
§ Mr. RidleyThe estimates are as follows:
£ million 1968 240 1969 220 1970 315 1971 335 1972 265 1973 380 1974 460 1975 525 1976 465 1977 640 1978 825 1979 900 1980 1025
§ Mr. Heddleasked the Chancellor of the Exchequer what is the estimated cost of capital allowances in respect of industrial buildings and structures in each of the next three years.
§ Mr. RidleyOn the assumption that sufficient profits are available to absorb the allowances in full, the cost of capital allowances on industrial buildings—assuming that current levels of expenditure continue—is estimated to be as follows:
£ million 1982–83 500 1983–84 575 1984–85 600 In practice, the cost in this period is likely to be substantially less.