§ 26. Mr. E. L. Mallalieu
asked the Chancellor of the Exchequer if he will make a statement about the future ownership of the Redbourn steelworks of Richard Thomas & Baldwin Limited at Scunthorpe.
I understand that the Iron and Steel Agency has no present intention of separating the Redbourn works from Messrs. Richard Thomas and Baldwins, Ltd.
§ Mr. Mallalieu
is the right hon. Gentleman aware of the reports which have appeared in the Press to the effect that a consortium of steel magnates is about to take over this firm, and would the right hon. Gentleman think it right for this Government to approve of such an action or to persuade the reluctant steel magnates to take over this concern, Her Majesty's Government having forfeited all shred of confidence in the country?
No, Sir, the policies of Her Majesty's Government in this matter remain in accord with the provisions of the Iron and Steel Act, 1953.