Supply Bottlenecks

HC Deb 04 August 1975 vol 897 cc13-4W

Mr. Edge

asked the Chancellor of the Exchequer by what means he intends to

relief and (c) the proportion of that relief granted to those subject to higher rates of tax.

Mr. Robert Sheldon

The information for 1974–75 is as follows:

prevent the development of supply bottlenecks in the British economy.

Mr. Dell

The Government are fully aware of the importance of this problem and have measures in hand which should lessen the harmful effects of supply bottlenecks. In the Budget £100 million was set aside for special industry schemes and investment projects. Following this, the Government intend shortly to produce schemes for ferrous foundries and other industries. The Government have a number of instruments, including those that will be provided by the Industry Bill, which they will use as appropriate to alleviate bottlenecks in capacity, materials components and labour skills which could occur in the next upturn.