Manufacturing Industry

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 25th March 1999.

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Photo of Tim Loughton Tim Loughton Conservative, East Worthing and Shoreham 12:00 am, 25th March 1999

Why, then, has the president of the Confederation of British Industry—along with the CBI itself—calculated that, over the lifetime of this Parliament so far, Labour has imposed more than £39 billion of excess charges on industry by introducing the national minimum wage, the working time directive and European works councils? Why has the president of the CBI said that the business horizon has darkened since Labour took office, and that unless the creeping paralysis of red tape stops, the only growth markets in 1999 will be in regulation?