Mr Jack Diamond: I do not know whether the hon. Gentleman is fully aware of what has been happening with overseas investment. It has been considerably higher not only in money terms but in real terms over the past four years than over the preceding four years.
Mr Jack Diamond: The banks have been asked, in carrying out the authorities' requests on lending, to have regard to the Government's policies on regional development.
Mr Jack Diamond: I am aware of the situation but it does not necessarily follow that credit was the main cause or one of the main causes of what my hon. Friend has described.
Mr Jack Diamond: I recognise the seriousness of the problem, but I consider that the cost of my hon. Friend's proposal would be out of all proportion to the benefit in terms of reduced unemployment in the region.
Mr Jack Diamond: I will convey to my right hon. Friend what my hon. Friend said.
Mr Jack Diamond: I regret that there are delays in the supply of certain papers due to a minor dispute on overtime in the Parliamentary Press. Every effort is being made to resolve this dispute and to avoid inconvenience to hon. Members.
Mr Jack Diamond: It is not happening "all over again", and I am sorry that the right hon. Gentleman uses such exaggerated language. Nor is it the case that in another place a debate will start without an adequate number of copies of HANSARD. HANSARD is being printed. So far, 150 copies have been delivered. In fact, 100 were delivered at 3 o'clock. By half-past four, 400 copies will have been delivered to the...
Mr Jack Diamond: No, it has not been done in connection with this dispute. This is a very minor dispute about—[Interruption.] It has nothing to do with the matters raised a month ago. I am sorry that hon. Gentlemen opposite are trying to create greater difficulties than exist. This is a minor dispute arising out of the amount of time that free individuals are being asked to put in by way of overtime. I...
Mr Jack Diamond: Full consideration has been given to the second part of the right hon. Gentleman's question. With great respect to the Father of the House, may I say that I am not aware of the very great difficulties which he indicated in the first part of his question? I do not know to what he is referring.
Mr Jack Diamond: The answer is, Yes, Sir.
Mr Jack Diamond: They indicate that a wise Government would take all necessary steps. I think that I belong to a very wise Government.
Mr Jack Diamond: The papers needed for the Standing Committee have been provided.
Mr Jack Diamond: I am grateful to my hon. and learned Friend, who speaks with great knowledge and authority on these matters.
Mr Jack Diamond: The notes enclosed with the return forms explain that full exemption will not be due if only part of the house has been used as the taxpayer's residence. The question of lettings is referred to in the general capital gains tax booklet and in a separate leaflet about owner-occupied houses.
Mr Jack Diamond: It has been explained in the tax itself, and in the leaflets and tax documents that accompany the tax return, that relief is limited to that part of the house which one owns and occupies.
Mr Jack Diamond: Departments have not kept a detailed record of their work on this question, but I estimate that the time spent amounted to approaching 800 man-hours, excluding secretarial services and the printing of the report by the Stationery Office.
Mr Jack Diamond: Certainly. The exercise achieved the normal one of supplying the answer to Members of Parliament who have asked for this specific information.
Mr Jack Diamond: It is not for me to inquire the reasons why hon. Members put Questions down, but I do my best to answer them.
Mr Jack Diamond: The information which has been given has been valuable. It has taken a great deal of time. It is most unfair of the hon. Lady to suggest that it was not carefully done. It was carefully done to satisfy those hon. Members who had asked for the information.
Mr Jack Diamond: I have nothing to add to previous Government statements on this matter.