Can my right hon. Friend assure the House that when he makes his statement on the future of Rolls-Royce he will bear in mind that, from the taxpayer's point of view, there could be a case for what Sir Kenneth Keith described as a "bureaucratic contraceptive", in the light of the record of Rolls-Royce in accumulating orders regardless of any visible prospect of any return in even the distant future?
My hon. Friend, who is very acute in economic matters, must agree that the assumption made by Rolls-Royce about the exchange rate in its hugely successful drive for orders under the chairmanship of Sir Kenneth Keith was common to many other parts of British industry. However, I fully accept that it is greatly in the interests of the taxpayer that Sir Kenneth Keith, his colleagues and successors should make the very best, in terms of profit and cost, of the huge order book that Rolls-Royce has.