HC Deb 23 March 1970 vol 798 cc959-60
20. Mr. Speed

asked the Minister of Technology what recent consultations he has had with the managements of motor manufacturing companies about their plans for capital investment in the United Kingdom; and if he will make a statement.

Mr. Benn

I keep in very close touch with the managements of the motor manufacturing companies and they give me a great deal of information about their future plans, on the basis of absolute confidentiality.

Mr. Speed

Does the Minister realise that unless confidence in the motor industry is restored very soon its investment programmes from 1972 onwards will be gravely jeopardised?

Mr. Benn

Everybody recognises the relationship between the home market and expansion plans, but I hope that the hon. Member will not suggest that exports do not provide a basis for further growth. The latest published figures suggest that the home market is beginning to pick up.