Manufacturing Industry

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 11th March 1992.

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Photo of Edward Leigh Edward Leigh Parliamentary Under-Secretary (Department of Trade and Industry) 12:00 am, 11th March 1992

If we compare this stage in the economic cycle with the previous stage, we see that output is up a quarter, investment is up a third, productivity is up a half and exports are up three quarters. [Interruption.] Opposition Members may not like it, but we will keep saying it. One thing is absolutely clear: why should manufacturing industry benefit from a quadruple whammy with higher costs, higher prices, higher inflation, a minimum wage and more red tape? That is the question that the Opposition need to answer.