HC Deb 02 December 1968 vol 774 cc350-1W
102. Mr. Eyre

asked the Minister of Technology what representations have been made to him by the motor industry following the Government's recent decision to introduce more stringent hire-purchase terms for motor vehicles; and what reply he has sent.

Mr. Benn

I have had discussions with representatives of the industry whose opposition to the new H.P. measures for motor vehicles is public knowledge. I explained the reasons for the decisions taken and discussed the implications for the industry.

Mr. Speed

asked the Minister of Technology what estimate he has made of the effect on motor-cycle and three-wheeler sales, respectively, in home and export markets, of the hire-purchase restrictions announced on 1st November 1968 and the taxation changes and other measures announced on 22nd November 1968.

Mr. Fowler

It is estimated, on the basis of past experience, that sales on the home market, of home-produced and imported models, of both motor-cycles and three-wheeled vehicles may be reduced by up to one-fifth. The measures do not directly affect exports.