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 will come to that. [HON. MEMBERS: "Oh"] If the right hon. Gentleman looks at the speeches which my right hon. and hon. Friends and I have made on successive Prices and Incomes Bills, he will find that the answer—the only answer which can be found in freedom—is an entirely different economic, fiscal and industrial relations policy. My right hon. and hon. Friends and myself have spelt this out on a number of occasions. We shall be delighted to take the opportunity to spell it out on other occasions, but not during this debate. [Interruption.] Hon. Members will hear some of it, but not all of it, today. Some of it will be coming in a moment.

How can Ministers expect anyone in the country, let alone in the House, to take them seriously when they come forward with a Bill like this for more and more State intervention, for making permanent, powers of investigation and control over prices which have proved so ineffectual and such a laughing stock over the last four years? We reject the whole approach, not because the Bill concentrates on making competition more effective, but because it does not. We do not believe that more and more inquiry and report by more and more so-called experts into more and more aspects of more and more companies could ever produce the expanding, risk-taking, tautly efficient economy on which our future prosperity depends.