Capital Allowances

Part of Oral Answers to Questions — Treasury – in the House of Commons am 2:30 pm ar 16 Mawrth 2010.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Ken Purchase Ken Purchase Llafur, Wolverhampton North East 2:30, 16 Mawrth 2010

Does my hon. Friend recall that the polices of the Conservative Government of the 1980s and 1990s meant that it was far more tax-efficient to distribute what should have been retained profits for investment than to retool and re-kit our industry? That was especially true in the west midlands, where we lost a great deal in terms of modernisation. Will she tell us this afternoon that the policy of this Labour Government, which encourages investment, will continue?