Investment Incentives and Industrial Reorganisation Corporation

Part of the debate – in the House of Commons at 12:00 am on 15 February 1966.

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Mr. Horden:

There are many questions which the hon. Gentleman has asked which are important. He has referred to the steel works at Taranto, in helping the problem of unemployment in the South. We have no particular problem of unemployment; if anything, rather the reverse. The Government have to make up their mind what is the purpose of this Corporation. Is it to act in a social way or is it, as I understand the avowed objective to be, to act in an economic way to get the best out of the economy?