Nationalised Industry Prices

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Mr Kenneth Lewis Mr Kenneth Lewis , Rutland and Stamford 12:00 am, 11th October 1976

Is the hon. Gentleman aware that all we get out of the nationalised industries is, on the one hand, large losses from some of them, which the taxpayer has to pay, and from others increased prices, which the consumer has to pay? Is that not an indication that this is a thoroughly unsatisfactory way of running industry?