Clause 52 - Tax relief for expenditure on research and development
Finance Bill
5:45 pm
Ms Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
The figure is not cash-limited and the figures assume the ability of the companies, on the information we have to date, to draw down on new investment to do that new R and D work. The right hon. Gentleman is quite right. If the measure is astronomically successful, the figure could rise. That would be good for the British economy as a whole, good for all the figures in the Red Book and not something of which the Government would take a dim view.
Question put and agreed to.
Clause 52 ordered to stand part of the Bill.