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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 Mr Cecil Parkinson Mr Cecil Parkinson , Hertfordshire South 12:00 am, 16th July 1975

We have had debates on this subject or on variations of this theme on a number of occasions. The Chief Secretary's reply is almost always the same. It is that the relief is rough and ready. We accept that. He has convinced us of that. The reply is that if anything is done of the kind that we suggest, anyone who runs his business down or goes out of business will get a benefit and that the relief was never intended to benefit such people. I am glad to see the Chief Secretary nodding, because I am not parodying his remarks. But we see that the essence of this relief was that it was meant to help continuing businesses.