Is the Secretary of State aware how alarming his statement is? Does he realise that it indicates that during the last two years there has been a net loss in the North-East of 29 firms, meaning approximately 2,700 fewer personnel, coupled with the migration of about 12,000 people from the North-East during the year? Will the right hon. Gentleman now accept that his policy, which has been talked about so much, is a complete failure? What does he hope to do in these closing days of this Government to try to redress the situation and bring some new life into the North-East?