Clause 24

Part of Finance Bill – in a Public Bill Committee at 5:15 pm on 2 June 2009.

Alert me about debates like this

Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 5:15, 2 June 2009

My hon. Friend the Member for Fareham has very transparently expressed Opposition Members’ concerns. Can the Minister give us any other example in which a multiplier effect, which he thinks will emerge in the years to come, can be bought only by an up-front cost of as much as 80 per cent. of the first year’s expense? It seems almost incredible, from our perspective, that to invest, as he puts it, £1.6 billion now for the hope of getting £2 billion in year one is a satisfactory use of allowances.