§ Mrs. Dunwoodyasked the Chancellor of the Exchequer what consideration has been given to tax concessions to be awarded in respect of the royal ordnance companies after the proposed flotation in July 1986.
§ Mr. Moore[pursuant to his reply, 30 April 1986, c. 444]: No tax concessions have been sought or authorised.
The tax treatment of Royal Ordnance plc and its operating subsidiaries is and will remain in accordance with the Taxes Acts.