My understanding is that the present investment programmes that they had before this tax came out just carried forward, with a limit but well behind, the relief on so-called investment— because it is not fresh investment—which will offset any extra tax that they are likely to pay. I do not know whether my Liberal Democrat friends agree with that analysis but I am sure that it is either true or very close to true.
Finance Bill
Proceeding contribution from
Lord Tunnicliffe
(Labour)
in the House of Lords on Tuesday, 20 December 2022.
It occurred during Debate on bills on Finance Bill.
About this proceeding contribution
Reference
826 c1116Session
2022-23Chamber / Committee
House of Lords chamberSubjects
Librarians' tools
Timestamp
2023-02-20 21:03:09 +0000
URI
http://hansard.intranet.data.parliament.uk/Lords/2022-12-20/22122070000024
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2022-12-20/22122070000024
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2022-12-20/22122070000024