§ 27. Mr. Penhaligonasked the Chancellor of the Exchequer what representations he has had on his Budget from the construction industry.
§ Mr. Peter ReesSeveral, on a variety of topics.
§ 39. Mr. Sternasked the Chancellor of the Exchequer if he will estimate the effects of the proposed abolition of development land tax on employment in the construction industry.
§ Mr. Peter ReesThe abolition of development land tax removes a disincentive to the availability of land for development. The effects on construction output and employment should be favourable.