HC Deb 10 May 1971 vol 817 cc18-9
24. Mr. Frank Allaun

asked the Secretary of State for Trade and Industry if he will now make a further statement of his plans for hiving off profitable sections of the publicly-owned industries.

Mr. John Davies

No, Sir.

Mr. Allaun

Will the right hon. Gentleman take careful note of the decision by the Labour Party National Executive in favour of the next Labour Government's taking back the hived-off sections without compensation? As this advance warn-has been given, will not investors have only themselves to blame if they burn their fingers?

Mr. Davies

That seems to me to be a hypothetical decision. In deciding any adjustments in the boundaries of the nationalised industries, we must take a very full account of the industrial efficiencies of the concerns involved.