Economic and Industrial Policy

Part of the debate – in the House of Commons at 12:00 am on 18 February 1971.

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Photo of Mr John Nott Mr John Nott , St Ives 12:00, 18 February 1971

The Government did not put the receiver in. If the Government wished to save the taxpayers, pensioners and everyone else £170 million plus and believe that it was worth while renegotiating the RB211 contract, the way to do it was to go to Lockheed not before receivership but after it. This is the way the hon. Gentleman would have handled it.