§ 44. Sir C. Osborne
asked the President of the Board of Trade if he will issue as a White Paper a list of the industries which would be affected by the Lord Privy Seal's undertaking to make in a single operation the same cuts in tariffs on trade as the European Economic Community member states have already made by the time the United Kingdom joins the European Economic Community; how big those cuts would be on the already known facts; how many people are employed in the affected industries; and what have been their import and export records.
§ Mr. Erroll
No. On the facts already known it is a reasonable working assumption that, if Britain joins the European Economic Community, the tariffs between Member States will have been reduced by about 50 per cent. by the time of our accession. Such a cut in the British Tariff would affect all industries, but the effect would vary from one to another and from product to product. It would not be practicable to go into further detail.