Capital Allowances
Wales
Owen Smith (Pontypridd, Labour)
To ask the Secretary of State for Wales if she will assess the effect of reductions in capital allowances on the Welsh economy.
Cheryl Gillan (Secretary of State, Wales; Chesham and Amersham, Conservative)
The capital allowances changes announced at Budget 2010 formed part of a wider package of reforms to the corporate tax system and contributed to financing the reductions in the main rate of corporation tax and small profits rate.