§ Mr. Berminghamasked the Chancellor of the Exchequer if he has any plans to introduce financial incentives such as tax allowances for energy conservation measures; and if he will make a statement.
§ Mr. MooreThe tax system already provides incentives by way of the capital allowance system. For example, capital expenditure on new energy systems for business purposes normally qualifies for the first year allowances applicable to plant and machinery. The cost of adding insulation against loss of heat to an existing industrial building also qualifies for a special first year allowance.