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 Mr Robert Carr Mr Robert Carr , Mitcham 12:00 am, 8th April 1970

I certainly cannot say what the Government's view is because they are very mixed up about it. So often what the right hand of the Government believes is quite opposite from what their left hand believes. Our view is absolutely clear. So long as one has achieved a competitive environment—and that is vital—high profits are a test of efficiency. High profits are good. High profits are the source of innovation, new development, more employment, more exports and a better standard of living.