HC Deb 26 March 1974 vol 871 c303

As I have said, if we are to make full use of our resources, we must avoid spending large sums of money and skilled manpower on projects which use high technology and are unlikely to bring an economic return. My right hon. Friend told the House last week some of the financial considerations affecting the future of the Concorde project. We are already urgently discussing the future of this project with our French partners and with both management and unions in the industries concerned so as to be able to reach conclusions as soon as possible. Meanwhile in framing my Budget proposals I have not allowed for any expenditure on development or production beyond the existing programme.

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