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In view of the fact that both the wings and the power plants are produced in the United Kingdom, is not the recent order secured by Airbus Industrie for up to 23 A330 aircraft powered by Rolls-Royce Trent engines, testimony to the competitiveness of British industry, especially in that sector, which has consistently run a balance of payments surplus since 1980, and which should bring to the Department of Trade and Industry royalties on sales of about half a billion pounds over the next five years? That is a true success story, symptomatic of success under the Conservative Government.
My hon. Friend is right. That is tremendous news. By the time the Emirates take delivery of the order they will have invested about $1 billion in British industry recently. That is good news for the aircraft industry, for Rolls-Royce, for the east midlands and for the United Kingdom as a whole.