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Covenants

Volume 975: debated on Monday 3 December 1979

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asked the Chancellor of the Exchequer what is his esti- mate the effect of reducing the standard rate of tax will have upon the ability of voluntary organisations to obtain funds through covenants; and if he intends to investigate methods of compensating such organisations for any loss of revenue.

I shall let the right hon. Member have a reply as soon as possible.