Finance Bill

The Minister implies that a farmer who has already invested in a new building in the past few years and is unable to claim the 4 per cent. allowance can in future claim against the £50,000 allowance. That is not my understanding, and the Minister is indicating that I am correct. In that case, there is no succour for all those people who have investments on the ground now but cannot continue to claim the agricultural buildings allowance. To be honest, to suggest that the £50,000 will help them is a distraction from reality, as they will be stuck with an investment for which they cannot claim any allowance.