Recession

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 16th October 1991.

Alert me about debates like this

Photo of Ken Livingstone Ken Livingstone , Brent East 12:00 am, 16th October 1991

Given that since the Prime Minister took office we have lost 250,000 manufacturing jobs out of a total of 750,000 jobs that have been lost and that 30,000 firms have gone bankrupt, can the Minister say upon what basis British industry can expand and tackle the balance of payments crisis? Can the Minister tell us about any point in a post-war recession at which at the depth of that recession we did not have a balance of payments surplus? What is the difference this time?