§ 40. Miss Burton
asked the Chancellor of the Exchequer whether he is aware that since the October Budget cars have been stockpiled in all parts of the country; that since he increased the Bank Rate this position has become worse; and if he will take steps in his forthcoming Budget to aid the motor industry thus affected by Government policy.
§ The Economic Secretary to the Treasury (Sir Edward Boyle)
I cannot anticipate my right hon. Friend's Budget statement.
§ Miss Burton
That is cold comfort to the motor industry. Is the hon. Gentleman aware that under the Labour Government the motor industry exported two-thirds of its production, but that under this Government its exports have fallen to less than half; is he further aware that this redundancy and short-time working in the motor industry will soon push up the unit costs of production and make exporting still more difficult; and is that what the Government have in mind?