§ 14. Mr. Rooker
To ask the Chancellor of the Exchequer what fiscal proposals he has to stimulate manufacturing output. 
§ Mr. Rooker
Does the Minister accept that Britain should be first and foremost a manufacturing nation? Notwithstanding contributions to the economy from other sectors, is it not a tragedy that our manufacturing base contributes less to the economy than financial services? Is it not the case that although manufacturing industry does not exist to create jobs, it must create wealth and we are slipping too far behind?
§ Mr. Jack
In reply to the hon. Gentleman's first question—what a contemptuous statement on all those who work in the City, banking and other financial institutions and who generate so much of our invisible wealth. However, I share the hon. Gentleman's enthusiasm for manufacturing industry. It is a pity that he did not mention Rockwell Light Vehicle Systems which has invested £7.9 million in the west midlands, Everset Frozen Food, an American company which has invested £28 million there and Mann and Hummel, a company that makes air filters, which has invested £13 million in the west midlands. Nor did he mention the 58 German companies fleeing the social chapter to invest in manufacturing in the best place in Europe to make things.
§ Mr. Forman
Is my hon. Friend aware that it is not so much special fiscal measures, but the right overall economic climate, with low interest rates, low inflation and minimum regulation that is necessary to support our manufacturing?