HC Deb 05 July 1971 vol 820 cc251-2W
Mr. Edelman

asked the Secretary of State for Trade and Industry what action he is taking to stimulate the machine tool industry in view of the sharp decline in orders.

Mr. Ridley

Measures introduced by my right hon. Friend the Chancellor both in the Budget and earlier are designed to encourage capital investment generally and, as these take effect, should stimulate demand for machine tools.