HC Deb 25 June 1979 vol 969 cc10-1
9. Mr. Andrew F. Bennett

asked the Secretary of State for Industry if he will make a statement about the National Enterprise Board and Fairey Engineering Limited in Stockport.

Mr. Michael Marshall

My right hon. Friend expects to make a statement in due course about all the NEB's operations.

Mr. Bennett

Does the Minister appreciate how much disappointment that statement will cause in Stockport, where the continuing uncertainty is causing much concern? Will he give an assurance to the work force there that they will be able to get on with the job, as they fought hard to become part of the NEB and would like to remain part of it?

Mr. Marshall

At this stage it would be not only invidious but positively unhelpful to comment on individual cases within the review which is now taking place.

Mr. Aitken

Does my hon. Friend recall that when the NEB used a large amount of taxpayers' money to buy the Fairey organisation several commercial companies in the free enterprise sector put in bids but were outbid by the NEB? Will he bear that very much in mind when it comes to returning the company to private ownership?

Mr. Marshall

I am grateful for being reminded of those facts. They will be looked at within the overall review.