§ The Chancellor of the Exchequer (Mr. Denis Healey)As I told the House in July, the Government want to move progressively towards a more selective approach to assistance for industry. It is doubtful whether the regional employment premium now fulfils the original purpose of attracting employment to the regions. We therefore believe that it should now give way to more selective measures, and it will be withdrawn by Statutory Order early in the New Year, saving £150 million next year and £170 million in the year after. I shall be describing in a moment other measures in the industrial field designed to assist employment and investment.