Spending Review

Part of the debate – in the House of Lords at 5:04 pm on 15th July 2002.

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Photo of Lord Jones Lord Jones Labour 5:04 pm, 15th July 2002

My Lords, I welcome this remarkable Statement. Does my noble friend the Minister discern the determination by Her Majesty's Government to promote, assist and defend Britain's manufacturing base? I remind my noble friend of the difficulties of the steel industry in Britain, and not least of the many jobs lost in Wales. Does my noble friend agree that Britain's premier exporting industry— aerospace—is worthy of a larger grant for research and development? A Britain shorn of her manufacturing will lose her greatness. But I end as I begin—overall, it is a remarkable and welcome Statement.