Peel Holdings has warned the treasury that the £200m cost of its Trafford Park development, in Manchester, could grow by at least several million pounds if the government does not change leasing provisions of the finance bill.
Other projects are also under threat which in the recent past have relied on lease finance money. Chancellor Kenneth Clarke introduced a retrospective measure in November’s Budget to block generous tax breaks available to investors using the lease finance mechanism.
- The Times 14/02/97 page 27
