Short Brothers plc

Part of the debate – in the House of Commons at 3:31 pm on 7th June 1989.

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Photo of Dr John Blackburn Dr John Blackburn , Dudley West 3:31 pm, 7th June 1989

Will my right hon. Friend accept the congratulations of the House and the warm tribute to the Minister for bringing a difficult set of negotiations to a satisfactory conclusion? I visited the company within the last six months. The fact that there is an £18 million investment for research and development is a testimony of our commitment to the company. The provision for the Government to take back £60 million if performance targets are not met is very important. That arrangement is in stark contrast to the financial structure created for the De Lorean company. Will my right hon. Friend assure the House that the financial targets will be strictly adhered to for the safety of the public purse?