§ 8. Mr. ButlerTo ask the President of the Board of Trade when he will next meet motor manufacturers to discuss measures to support the engineering sector.
§ Mr. SainsburyMy right hon. Friend the President of the Board of Trade and I will be meeting the Society of Motor Manufacturers and Traders and senior representatives of the leading vehicle manufacturers later today.
§ Mr. ButlerAt that meeting, will my right hon. Friend bear in mind the importance, as set out in detail in the Bangemann report, of pre-competitive co-operation in the development of high technology products? Will he also bear in mind moves to encourage further inward investment which, in successful areas such as Milton Keynes, now accounts for 18 per cent. of our employment?
§ Mr. SainsburyI am happy to assure my hon. Friend on both points. He mentioned inward investment. The success of inward investment evident in his constituency, which I had the pleasure of visiting recently, is attributable largely to the creation of the right economic climate, a climate of low taxation, good industrial relations and minimum regulation—the very factors which would be most put at risk by Labour's policies.