HC Deb 20 December 1966 vol 738 c1172
32. Mr. Geoffrey Lloyd

asked the Minister of Power what steps he is taking to equip his Department, as recommended by the National Board of Prices and Incomes, for examining the assumptions on which the forecast of yield on new investment is based.

Mr. Marsh

In the course of this year's investment review I have discussed with the National Coal Board the assumptions on which the Board's investment decisions are based. I have also appointed a Director of Economics and two other economists whose advice on these matters will be available to me.