Part of the debate – in the House of Commons at 7:30 pm on 25th November 1992.
The hon. Member for Darlington (Mr. Milburn) spoke about representations by the Engineering Employers Federation. To the best of my recollection, the federation asked for a reduction in interest rates. The Chancellor has reduced them three times since September. It asked for investment allowances, which were contained in the autumn statement, and it asked for the preservation of capital projects. The industry has done rather well. It is odd for the hon. Gentleman to complain when the representations have been met almost to the letter by the Government.