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I shall not give way.
The new leader of the Labour party, the right hon. Member for Sedgefield (Mr. Blair), tells us that he wants to repeal clause IV. My right hon. and hon. Friends will find it surprising that a reference to privatisation produces a belly laugh among Labour Members, with the exception of the right hon. Member for Sedgefield. That shows that, although a small handful of my colleagues may disagree with my views on privatisation, a united Labour party rejects its leader's views on clause IV.