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Stock Appreciation

Part of Orders of the Day — FINANCE (No. 2) BILL – in the House of Commons at 12:00 am on 16th July 1975.

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Photo of Sir John Cope Sir John Cope , Gloucestershire South 12:00 am, 16th July 1975

I accept what my hon. Friend says but I do not accept that it is at all likely that there will be no extension of this relief in any form. I hope that this relief, as such, will not have to continue for a third year. I hope that we shall have a more permanent arrangement. I should like this relief to be settled so that we can say "That is it. You have had the relief for this year. We shall not try to claw it back." The Government have more or less said this. They have said to most companies "We shall not try to claw it back. We shall draw the line on this relief and then we shall start afresh with the new Sandilands relief, whatever it may be".

For that reason I support the principle behind the new clause.