Motor Industry

Part of the debate – in the House of Commons at 10:04 pm on 26th July 1979.

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Photo of Mr Leslie Huckfield Mr Leslie Huckfield , Nuneaton 10:04 pm, 26th July 1979

Since the hon. Gentleman has just entered the House, he will recognise that those of us who represent motor manufacturing industries always do the best we can to present the true facts as we see them. It is not a fact that BL is being subsidised in the way that he describes. British Leyland has to pay interest on the money that it receives from the National Enterprise Board. In turn, the NEB has to pay interest on the money that it receives from the Government. I am sure the hon. Gentleman will realise that BL makes a profit, albeit not a large profit. But in saying that in some way BL is subsidised by the British taxpayer the hon. Gentleman is rather glossing over the true facts.