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Tax Privileges For Investment

Volume 417: debated on Tuesday 10 February 1981

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2.42 p.m.

My Lords, I beg leave to ask the Question which stands in my name on the Order Paper.

The Question was as follows:

To ask Her Majesty's Government whether they will introduce measures to make the tax privileges available for equity investment in independent businesses as attractive as those for investment in large companies through pension funds.

My Lords, while I note what my noble friend says, I am afraid that I cannot anticipate my right honourable friend the Chancellor of the Exchequer's Budget Statement. Since coming into office, we have however introduced a large number of measures to improve incentives and help businesses, particularly small businesses.

I thank my noble friend for that reply. Could he please impress on his right honourable friend that any further encouragement given to small investors in unquoted companies would be very welcome?

My Lords, I shall be most happy to convey my noble friend's views to my right honourable friend.