§ 3. Mr. Easthamasked the Secretary of State for Industry, further to his reply to the hon. Member for Manchester, Blackley, on 9 November, Official Report,c. 26, if he is satisfied that his Department has full information as to the number of iron foundries closed in the United Kingdom.
§ The Under-Secretary of State for Industry (Mr. John Wakeham)I am satisfied that the information available to my Department is substantially complete.
§ Mr. EasthamI thank the Minister for that reply. Has his attention been drawn to the fact that every foundry in the country is now working at less than 60 per cent. capacity and that manning has declined by 12.5 per cent? I make two suggestions. First, will he consider giving special assistance towards energy charges? Secondly, will he give special consideration to better loan guarantees for such companies, or is he prepared to let them wither away?
§ Mr. WakehamThe deterioration in market demand by manufacturing industry, including the vehicle industry—which accounts for one-third of demand—is the main, overwhelming reason for the industry's difficulties. In certain circumstances, selective assistance, under the Industry Act 1972, may be available to foundries. Obviously, the Department is anxious to consider any such circumstances. Energy prices are primarily a matter for my right hon. Friend the Secretary of State for Energy, but we are considering the position of major energy consumers.