Private Investment

Part of Oral Answers to Questions — Industry – in the House of Commons at 12:00 am on 10th March 1975.

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Photo of Mr Robert Bean Mr Robert Bean , Rochester and Chatham 12:00 am, 10th March 1975

I am afraid that I do not accept that argument, in that the so-called "Barber boom" had come to a halt by the summer of 1973, before the oil crisis. The previous Conservative Government left office following the disaster of the three-day working week and the investment in the pipeline at that time may have continued until the end of the year —but the forecasts for future investment were low when the hon. Gentleman's Government left office.