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Capital (Tax Relief)

Volume 466: debated on Tuesday 21 June 1949

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asked the Chancellor of the Exchequer if he will give an estimate of the loss to revenue of a reduction to 10 per cent. in the allowed return on capital employed in the manufacture of price-controlled goods.

I am afraid that it is not possible to provide an estimate of this sort as information is not available to show the actual return at present on capital employed for all the concerns manufacturing price-controlled goods.