Orders of the Day — Steel Industry and Road Haulage

Part of the debate – in the House of Commons at 12:00 am on 12th November 1951.

Alert me about debates like this

Photo of Mr Fred Mulley Mr Fred Mulley , Sheffield Park 12:00 am, 12th November 1951

I am grateful to the hon. Member for correcting what may have been a misapprehension. I had no intention of quoting him on that point. I was impressed by his very strong insistance on the need for public control of the steel industry. We may not agree on the details, but I am arguing that the fundamental difference of principle between us is not on the need for public control but on the narrow issue of the ownership of the industry.

It boils down to this question. At this time when there is, unfortunately, a need for re-armament, shall the profits from re-armament go into public funds or private pockets? That is the narrow issue that we are debating today. Hon. Members opposite ought to consider that point before they go into the Lobby tonight. The Opposition are, I am sure, prepared to allow modifications of the control or management of the nationalised industry to be made without fierce opposition, but they are not prepared to see profits going back into private pockets instead of into public funds.