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Coal Imports

Part of Oral Answers to Questions — Energy – in the House of Commons at 12:00 am on 13th June 1988.

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Photo of John Prescott John Prescott Shadow Secretary of State, Shadow Secretary of State for Energy 12:00 am, 13th June 1988

Has the Minister read the financial report on the coal industry by Prior and McCloskie, which says that, within six years, world prices will begin to rise, when British Coal prices are falling, making present-day uneconomic pits economic? Does that not expose the short-term nature of the Government's policy of encouraging large-scale imports, motivated largely by the desire to privatise a smaller, more profitable coal industry at the direct expense of Britain's long-term energy interests, redundancies and pit closures?