Is my hon. Friend aware that the Black Country and its independent people do not wish for any special help? They are against handouts, especially those that have to be paid for by us all, including those living in the Black Country.
I do not disagree with my hon. Friend. The number of factory closures and redundancies will depend upon the success or otherwise of management and men producing the goods that the customer requires at the price that he is prepared to pay. The customer is king, and the Government do not control the customer.
Is the Minister aware that in Wolverhampton and West Mould in the Black Country 200 factories have been closed during the past decade? The Black Country desperately needs special help. Does the hon. Gentleman agree that it would be better to allow capital investments into the Black Country than to permit flight capital to be invested in Switzerland in trustee and bank accounts?
The change in the regional development grant system has been much called for in that part of the country. It will help to prevent industries that might be attracted to the area from being dragged away to others.