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Manufacturing Industry

Volume 228: debated on Thursday 8 July 1993

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To ask the Chancellor of the Exchequer if he will establish an advisory group of British manufacturers to make recommendations as to how best to modify the taxation system so as to encourage British manufacturing industry.

Treasury Ministers meet regularly with key individuals and representative bodies in manufacturing industry, and will continue to do so in the period leading up to the Budget in November. Ministers also consider each year a large number of detailed written representations for changes to the tax system as it affects industry. I am not convinced that a further advisory group is needed to supplement these existing channels of communication.

The amounts of NIC classes 1–1A remitted or written off as irrecoverable for the reasons outlined are as follows: