Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on (a) cadet training and (b) marine employment of the decision not to allow tonnage tax to apply to the Isle of Wight's ferry services.
No such assessment has been made. HM Revenue & Customs must apply the law as it stands according to the best of its judgment, with the benefit of legal advice where appropriate.