Finance (No. 2) Bill

Part of Bill Presented – in the House of Commons at 1:36 pm on 1st April 2014.

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Photo of Chris Leslie Chris Leslie Shadow Chief Secretary to the Treasury 1:36 pm, 1st April 2014

My hon. Friend Sheila Gilmore has made a pertinent point. The Government brought down investment allowances from, I think, £100,000 to £25,000—a significant reduction, which kicked in from April 2012. With hindsight, will the Chief Secretary to the Treasury admit that that was a mistake?