PT.4[NO. 30.] Freedom of Information Act 2014. [2014.] Financial and economic interests of the State 40. (1) A head may refuse to grant an FOI request in relation to a record (and, in particular, but without prejudice to the generality otherwise of this subsection, to a record to which subsection (2) applies) if, in the opinion of the head— (a) access to the record could reasonably be expected to have a serious, adverse effect on the ability of the Government to manage the national economy or on the financial interests of the State, (b) premature disclosure of information contained in the record could reasonably be expected to result in undue disturbance of the ordinary course of business generally, or any particular class of business, in the State and access to the record would involve disclosure of the information that would, in all the circumstances, be premature, (c) access to the record could reasonably be expected to have a negative impact on decisions by enterprises to invest or expand in the State, on their research activities or on the effectiveness of the industrial development strategy of the State, particularly in relation to the strategies of other states, or (d) access to the record could reasonably be expected to result in an unwarranted benefit or loss to a person or class of persons. (2) This subsection applies to a record relating to— (a) rates of exchange or the currency of the State, (b) taxes, revenue duties or other sources of income for the State, a local authority or any other public body, (c) interest rates, (d) borrowing by or on behalf of the State or a public body, (e) the regulation or supervision by or on behalf of the State or a public body of the business of banking or insurance or the lending of money or of other financial business or of institutions or other persons carrying on any of the businesses aforesaid, (f) dealings in securities or foreign currency, (g) the regulation or control by or on behalf of the State or a public body of wages, salaries or prices, (h) proposals in relation to expenditure by or on behalf of the State or a public body including the control, restriction or prohibition of any such expenditure, (i) property or other assets held by or on behalf of the State or a public body and transactions or proposed or contemplated transactions involving such property, or other assets, (j) foreign investment in enterprises in the State, (k) industrial development in the State, 64