The hon. Gentleman will be aware of the formation of a company—Cleveland Titanium Limited—which will consist of the National Enter-price Board, Rolls-Royce and Imperial Metal Industries Ltd. The Government hope to see further private sector involvement. I have already given the early 1980s as the time scale.
As the market forces which the hon. Member for Wolverhampton, South-West (Mr. Budgen) knows and loves are apparently failing the nation in this respect, will the Minister assure us that the public enterprise involvement through the NEB will be retained and not sold off after the taxpayer has paid for this important national enterprise?