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Industrial Research And Development

Volume 227: debated on Tuesday 22 June 1993

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To ask the Chancellor of the Exchequer what plans he has to offer tax incentives to encourage companies in the United Kingdom to invest in industrial research and development.

My right hon. Friend the Chancellor of the Duchy of Lancaster's recent White Paper on science and technology reiterated our view that we do not consider there to be a case for further general tax incentives for spending on research and development.