HC Deb 06 July 1967 vol 749 cc1965-6
6. Mr. G. Campbell

asked the First Secretary and Secretary of State for Economic Affairs when he now expects to publish a revised or new National Plan.

8. Mr. Bruce-Gardyne

asked the First Secretary of State and Secretary of State for Economic Affairs when he now expects to publish a revised version of the National Plan.

Mr. M. Stewart

I have nothing to add to the reply given to my hon. Friend the Member for Huddersfield, West (Mr. Lomas) on 23rd February.—[Vol. 741, c. 326.]

Mr. Campbell

After the official jettisoning of the National Plan on 10th November last, is it not necessary for the Government to clarify the position now, without further delay?

Mr. Stewart

I have explained to the House that the projections and assumptions for the National Plan are being revised. I am doing this in consultation with the National Economic Development Council and with industry, but I should like to carry this work a bit further before giving precise dates.

Mr. Bruce-Gardyne

Has the right hon. Gentleman noted the comment of Sir Ronald Edwards that the latest increases in. electricity prices were largely caused by over-investment resulting from the electricity boards' desire to conform to the targets of the old National Plan? Will he bear in mind the dangers of this sort of economic Couéism when he comes to the next plan?

Mr. Stewart

It is always possible when framing a National Plan to make the error of over-optimism, and it would be possible also—this seems to be the error into which hon. Members are falling—to take too gloomy and restrictionist a view of what is possible. One must avoid both these errors.

Mr. Marten

When shall we have the revised National Plan? It has been an awful long time coming.

Mr. Stewart

I have already said that I did not wish at this stage to give a definite date. I am in consultation with the N.E.D.C. about it.