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 John Redwood John Redwood Shadow Secretary of State for Trade and Industry 12:00 am, 25th March 1999

The way in which to sort out the president of the CBI is to do what he asked, and abolish the stealth taxes and extra regulatory costs that have been heaped on industry by this dreadful Government.

Does the Secretary of State realise that the pound has risen by 7 per cent. against the euro so far this year? Does he accept that means that British goods are now 7 per cent. dearer in relation to the French, German, Spanish and Italian goods produced by our main competitors, with which we ourselves are trying to compete? Will the right hon. Gentleman and the Chancellor of the Exchequer stop ducking the question of how many jobs will be lost as a result of their policies? They have made it too dear to make things in Britain, and as a result we have a balance of payments crisis and an industrial meltdown. Will the right hon. Gentleman tell us how many jobs will be lost, and will he tell the 474 people in his constituency who have lost jobs in the past six months what message of hope he has for them?