National Enterprise Board

Part of Oral Answers to Questions — Industry – in the House of Commons at 12:00 am on 5th April 1976.

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Photo of Mr Eric Varley Mr Eric Varley , Chesterfield 12:00 am, 5th April 1976

I shall be settling appropriate financial objectives for the National Enterprise Board in the early summer, after consultation with the Board and the Treasury. The Government have indicated in the draft NEB guidelines that separate objectives would be set for the Board's major holdings—for instance, those in British Leyland Ltd. and Rolls-Royce (1971) Ltd. These will be determined in the light of the long-term plans of the companies.