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Part of the debate – in the House of Commons at 3:30 pm on 23rd November 1992.

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Photo of Mr Michael Heseltine Mr Michael Heseltine President of the Board of Trade 3:30 pm, 23rd November 1992

The hon. Gentleman must not have been present in the Chamber when my right hon. Friend the Chancellor of the Exchequer made his autumn statement, as a result of which we saw interest rates coming down, new tax allowances to encourage investment and a range of announcements to stimulate capital expenditure, plus a determined attack upon inflationary wage claims that would otherwise undermine Britain's competitiveness.