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 Trevor Skeet Mr Trevor Skeet , Bedford 12:00 am, 5th April 1976

As the right hon. Gentleman is aware that the NEB was intended to acquire further profitable industries, is he not also aware that it is many years since the State corporations had any financial objectives? Does the right hon. Gentleman want the rate of return on capital investment on these large sums to be small—as, for example, with IRI, of Italy—or substantial?