§ Mr. Hicksasked the Chancellor of the Exchequer if he will estimate the additional costs of industrial building allowances to hotels and associated activities if the rate of allowance were raised to 50 and 75 per cent., respectively.
§ Mr. Moore[pursuant to his reply, 30 January 1984, c. 47]: I assume that my hon. Friend is referring to the initial allowance. The costs would be £10 million and £20 million respectively in a full year, on the assumption that sufficient profits are available to absorb the allowances in full. Over a number of years, however, the total allowances available in respect of hotels would be unchanged.