Concerning the point about the NEB, it remains one of our major aims, crucial to the overall strategy. It will be for the National Enterprise Board to decide exactly how it proceeds. It has been given a wide measure of operational freedom. That is how it should remain. It is also the Government's intention that it should have funds.

I hope that the hon. Gentleman is also aware that the National Enterprise Board has been welcomed by private industry, and is also collaborating with private industry in many important projects, not only in this country but overseas.

As for profits, as a Government we have never denied the need for profitability. Changes have been made and announced to the House by my right hon. Friend on many occasions.

As to the question of private industry as opposed to public industry, it is the Government's view that both sides of industry have a major rôle to play. It is not a question of heralding the end of one side or the other. There will be a cooperative approach to this matter. We have to make sure that we expand our manufacturing capacity in this country and improve our competitiveness and productivity. That is the way in which we should go about it.