Orders of the Day — Commission for Industry and Manpower Bill

Part of the debate – in the House of Commons at 12:00 am on 8th April 1970.

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Photo of Sir Harmar Nicholls Sir Harmar Nicholls , Peterborough 12:00 am, 8th April 1970

I am trying to get an answer to an important point which the right hon. Lady did not give to me. I gather from the right hon. Lady that one of the tests of inefficiency was high profits. Would my right hon. Friend help me? Is his view that a firm is efficient or inefficient when it makes no profit or low profit? Is "low profit "not to be a test of efficiency?