§ Mr. Budgenasked the Chancellor of the Exchequer what estimate he has made of the effect on revenue which would follow from replacing the present 25 per cent. reducing balance method of depreciating investment for tax purposes by a 25 per cent. straight line system as urged on him by the Confederation of British Industry.
§ Mr. Norman LamontI refer my hon. Friend to the reply given by my right hon. Friend the Chancellor of the Exchequer yesterday to my right hon. Friend the Member for Taunton (Sir E. du Cann).