Phasing Out of Aprt

Part of Orders of the Day — Finance Bill – in the House of Commons at 7:45 pm on 28th April 1983.

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Photo of Mr John Smith Mr John Smith , Lanarkshire North 7:45 pm, 28th April 1983

Yes, if one cares to believe that. The right hon. Member for Greenock and Port Glasgow (Dr. Mabon) expresses the scepticism that is felt in all parts of the Committee. Nobody in his right mind believes that a new oilfield will be developed every six weeks. Indeed, it is amazing that the Minister should have been prepared to offer it, but there is no obligation on us to believe it, and anybody connected with the North sea must take the same view. Instead of getting sustained development we are back to the rush for orders, although certainly we need the work and the employment it will provide. That is one reason why we on these Benches do not in principle oppose these taxation changes. After all, most of the taxes were imposed by the Government, particularly APRT.