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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 Joel Barnett Mr Joel Barnett , Heywood and Royton 12:00 am, 16th July 1975

The hon. Member has made an important point. He said that the money would not be available for investment if the companies reduced their stock. If a company makes a £700,000 reduction in stock and then buys £700,000 worth of investment, it will enjoy £700,000 worth of tax relief on the investment.