Coal Industry

Part of the debate – in the House of Commons at 8:36 pm on 26th June 1989.

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Photo of Mr Geoffrey Finsberg Mr Geoffrey Finsberg , Hampstead and Highgate 8:36 pm, 26th June 1989

I do not agree with the hon. Gentleman, who in circles outside the House I would call a friend. He omits the facts at the time. I shall not take a long time to answer his point because we have been asked for short speeches.

The industry could have found the capital to have re-equipped the industry without the taxpayer being called upon as a result of nationalisation.

I saw the flag of the NCB being raised to immense cheers from miners who thought that a new world was beginning. Sadly, that new world never came about because they were let down by those who ran the industry and those who ran the National Coal Board.