Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 5:46 pm on 30th April 2002.

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Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury) 5:46 pm, 30th April 2002

I must have read your mind, Mr. Deputy Speaker. Just before you spoke, I realised that I should swivel around to face you. I apologise, and I shall start again.

I am grateful to my hon. Friend for giving way, as I want to emphasise that the CBI has welcomed the research and development tax credit. Mr. Davey complained about complexity in the tax system, but does my hon. Friend consider that the CBI would rather do without the R and D tax credit, and that it would prefer that the relevant legislation did not appear on the statute book?