Orders of the Day — Industry and Employment

Part of the debate – in the House of Commons at 6:08 pm on 12 November 1985.

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Photo of Mr John Smith Mr John Smith , Monklands East 6:08, 12 November 1985

The Opposition welcome the Government's acceptance of the request that has been made for a considerable time by leading British exporters for the introduction of soft loans. While I welcome the Government's conversion to that idea and putting British industry on the same footing as its competitors, why has it to be phased in over three years? The problem is here now. Why must there be a three-year delay?