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.