Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Mr John Pardoe Mr John Pardoe , North Cornwall 12:00 am, 11th October 1976

No, I shall develop my argument. No doubt the hon. Gentleman will wish to intervene when I have done so.

I do not believe that this is a short-term crisis. It is part of the long-term decline, and it will continue whichever party is in power. We are the most incompetent industrial country in the world. Our industry is inefficient.