§ Mr. Nicholas Bakerasked the Chancellor of the Exchequer what is his policy on whether the Inland Revenue will use section 38 of the Finance Act 1976 to deny an interest reduction where the debt is created solely as a result of the unwinding of a dual resident company as a result of the provisions of the Finance (No. 2) Bill affecting such companies.
§ Mr. Norman LamontI shall let my hon. Friend have a reply as soon as possible.