Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 3 July 1962.

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Photo of Sir Edward Boyle Sir Edward Boyle , Birmingham Handsworth 12:00, 3 July 1962

I cannot offhand give the hon. and learned Gentleman the figure, but it certainly has been increasing. I propose to give some more figures about expenditure which I think will show that that must be so since the allowance came in in 1954 because, as hon. Gentlemen opposite have rightly said, this allowance was not suspended when the initial investment allowance in general was suspended in 1956. This allowance is costing more than it did when it was first brought in.