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Works Of Art (Insurance Premiums)

Volume 828: debated on Tuesday 21 December 1971

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asked the Chancellor of the Exchequer if he will seek to enable the insurance premiums on exempted works of art to be paid out of pre-tax income.

£ million
Year endedNorthern D.A.South-West D.A.Merseyside D.A.Welsh D.A.Scottish D.A.Total
June, 1968 4th September 1967)16·50·711·16·723·458·4
June, 196929·31·820·212·540·4104·2
June, 197031·12·220·913·341·1108·6
June, 197130·62·220·114·441·5108·8
June, 1972


asked the Chancellor of the Exchequer how many representations he has received regarding his decision to withdraw the regional employment premium in 1974; and how many of these welcomed the proposed change.

This matter has been raised in general discussions in N.E.D.C. My right hon. Friend has received three letters on this point. They made representations against the withdrawal of R.E.P.

asked the Chancellor of the Exchequer what new scheme he now proposes to introduce to replace the regional employment premium from 1974.

I have nothing to add to the statements made by my right hon. Friends the Prime Minister and the Secretary of State for Trade and Industry in the debate on the Address.—[Vol. 825. c. 45 and 184–5.]