HC Deb 20 June 1973 vol 858 cc137-8W
Mr. Eddie Griffiths

asked the Secretary of State for Trade and Industry whether he will ensure that there is no reduction in the capital investment of the British Steel Corporation over the next 10 years and in particular over the next two years.

Mr. Tom Boardman

The 10-year development programme planned by the British Steel Corporation is to go ahead. The Chancellor's recent announcement about public expenditure reductions will affect the corporation's capital expenditure over the next two years, but it is not intended that these reductions should impair the progress of the development strategy.

Back to