The Minister is correct to get rid of many of the reliefs which are mostly property related. There is no great case for relief of what are relatively sure-fire investments. It is a good principle that incentives be time-limited rather than endlessly extended. Incentives should be concentrated where there are serious risks involved or most of those engaging in the activity concerned do not make any profit or make losses. There are a few examples of this. One uncontroversial example relates to the removal of VAT from books in 1982, after which the publishing industry never looked back.