§ 58. Sir J. Langford-Holt
asked the Chancellor of the Exchequer whether he is satisfied with the co-ordination between Ministers with responsibilities for nationalised industries in implementing the Government's policy of securing economies in public spending; and if he will make a statement.
§ Mr. Diamond
Yes. On 21st December my right hon. Friend the Chancellor of the Exchequer announced a series of reductions in the capital investment programmes of the nationalised industries. Current expenditure is a matter within the responsibility of the Boards themselves; they are well aware of the need to economise.—[Vol. 756, c.488.]