§ 10. Mr. Freeman
asked the Chancellor of the Exchequer if he will give the latest figures available for the annual rate of investment under the business expansion Scheme.
§ Mr. Freeman
I congratulate the Government on the success of the business expansion scheme, which shows that the spirit of free enterprise flourishes in the country. Can my hon. Friend tell the House when he expects to publish the Peat, Marwick and Mitchell report?
§ Mr. Meadowcroft
How far would lower interest rates reduce the demands on the business expansion scheme? Why on earth, for instance, should manufacturers consider manufacture when they can get more money by lending money?
§ Mr. Moore
The hon. Gentleman completely misunderstands the nature of the business expansion scheme. He misunderstands the nature of the way in which high risk relates to high rewards and the way in which it has inspired a complete change in the entrepreneurial nature of society. I am unhappy that he obviously is not supporting from the Opposition Benches the nature of the business expansion scheme.