To ask the Chancellor of the Exchequer what estimate he has made of the average change in income to hotel businesses which were claiming the Industrial Buildings Allowance of its retrospective withdrawal. (167160)

The withdrawal of the Industrial Buildings Allowance (IBA) is part of a package of measures which also saw the reduction of the main rate of corporation tax and the introduction of a £50,000 Annual Investment Allowance, allowing 95 per cent. of businesses to write off all their expenditure on plant and machinery in the year in which it is made. The effect of this package will vary according to the particular circumstances of a business.