Public Investment

Part of the debate – in the House of Commons at 12:00 am on 9 November 1960.

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Photo of Mr Leslie Spriggs Mr Leslie Spriggs , St Helens 12:00, 9 November 1960

Will the hon. Member give way again before he leaves this point about transport? He said that nationalised industries should pay for replacements out of their own finances, or at least that is what they should work towards. We all wish that the boards could do so, but I wish that he would take into consideration what the Government have done. The most remunerative part of the Transport Commission's undertaking, long-distance road transport, has been hived off and sold to private enterprise because it was making huge profits. That makes it impossible for the Commission to pay its way.