Clause 52 - Tax relief for expenditure on research and development
Finance Bill
5:30 pm
Mr Jim Cunningham (Coventry South, Labour)
A number of us who have lobbied for several years appreciate the move on tax credits, but may I ask my hon. Friend a question? If we consider a company such as Rolls-Royce which has put considerable expenditure into research and development, is it the Government's intention to retain what they call lift-off loans, along with the tax credit?