§ Mr. TynanTo ask the Secretary of State for Health what research regarding changes to corporate investment behaviour consequential to the changes to ACT announced in the 1997 Budget has been(a) carried out and (b) commissioned by his Department. [92316]
§ Dawn PrimaroloI have been asked to reply.
The abolition of ACT was part of a package of measures introduced over the period 1997 to 1999 aimed at creating an improved climate for long term investment. Subsequent tax changes have also been designed to promote enterprise and encourage economic growth. There are practical difficulties in assessing the impact of these changes, and in any case, it does not make sense to evaluate the impact of one part of this series of measures in isolation.