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Wednesday 08 March 1995 00:02 GMT

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TAX BREAKS: Plans to allow tax breaks on share options to part- time directors have been abandoned, Sir George Young, Financial Secretary to the Treasury, disclosed. The Government has decided that the schemes would apply only to part-time employees.

FERRIES GRANT: Ian Lang, Secretary of State for Scotland, announced a revenue deficit grant of £8.3m for ferry operator Caledonian MacBrayne in 1995-96, which took into account the proposed closure of the Kyle of Lochalsh-Kyleakin service when the Skye Bridge opens later this year.

BUSINESS TODAY - Commons: backbench debates, starting at 10am; Trade and Industry questions; Prevention of Terrorism (Temporary Provisions) Act (Continuance) Order; Appropriation (Northern Ireland) Order. Lords: debate on the 1996 IGC; Legitimated Persons (Succession to Titles) Bill, Second Reading; Appropriation (Northern Ireland) Order; Children's Evidence (Northern Ireland) Order; Wildlife (Amendment) (Northern Ireland) Order.

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