Industrial Reorganisation Corporation

HC Deb 30 June 1966 vol 730 cc2173-4

24. Mr. St. John-Stevas

asked the First Secretary of State and Secretary of State for Economic Affairs when he will introduce legislation to set up the Industrial Reorganisation Corporation.

Mr. George Brown

Very soon.

Mr. St. John-Stevas

Can we have an assurance from the First Secretary that the proposed I.R.C. will be used to advance the national interest and will not be used as a means of advancing Socialist dogma by bringing in nationalisation by the back door, especially nationalisation of the aircraft industry?

Mr. Brown

All that I do is, of course, in the national interests. The hon. Gentleman must lose his obsession with the idea that anything which cannot be labelled Conservative dogma is thereby not in the national interest.