§ The Minister for Industry and Information Technology (Mr. Kenneth Baker)
In the three months to November 1980 the index of industrial production was 100.6, some 3½ per cent, lower than in the same period in 1974.
§ Mr. Baker
I share my hon. Friend's concern. As the House knows, the major reason for the drop in manufacturing and industrial production last year was the reduction of stocks, which was on a scale unprecedented in our recent economic history. There is an indication that that trend is coming to an end.
§ Mr. Anderson
Do these appalling figures suggest to the Minister that the Government are on target? If so, which target are they aiming at?