If he says that bloodstock exports amounted to £4 million last year, my answer is that the corresponding imports amounted to £2½ million.
Many are active and loyal members of the all-party racing and bloodstock industries committee, of which it gives me great pleasure to be chairman.
That is precisely what we believe will happen in the bloodstock industry.
Many people involved in breeding bloodstock are not in that category; secondly, that argument is irrelevant.
The representations made by the deputation about value added tax on bloodstock will be carefull considered.
Consideration is now being given to the need to extend the temporary importation arrangements for bloodstock.
The whole pattern of trade in bloodstock and training is being distorted in favour of foreign countries.
If we want the bloodstock industry to prosper, we must have racecourses that can attract the public and give prize money.
