Orders of the Day — Industry

Part of the debate – in the House of Commons at 12:00 am on 20th November 1975.

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Photo of Mr John Watkinson Mr John Watkinson , Gloucestershire West 12:00 am, 20th November 1975

If the hon. Gentleman has so much faith in the profit mechanism will he explain why, in the period from 1970 to 1974, when his administration flooded the business world with money, it found its way not to productive enterprise but to property speculators? Is that the way in which the profit mechanism works?