National Enterprise Board

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

Alert me about debates like this

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

It is our intention that the NEB should extend its interest into the profitable sector, with comparable financial objectives. The hon. Gentleman, who is very fair about these matters, knows how the financial objectives of the nationalised industries have been distorted because of the counter-inflation policy and the direct decisions of the last Administration not to allow economic pricing for their products and services. Therefore, I do not think that the position that the hon. Gentleman instances between the NEB and the nationalised industries is comparable.