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Manufacturing (Fiscal Incentives)

Volume 129: debated on Thursday 10 March 1988

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To ask the Chancellor of the Exchequer if he is satisfied with the operation of the current system of fiscal incentives for investment in manufacturing industry.

The current fiscal regime has created a climate which encouraged an increase of 3½ per cent. in manufacturing investment in 1987, and manufacturing investment is projected to grow by 11 per cent. in 1988 in the Department of Trade and Industry's latest investment intentions survey.