HC Deb 08 November 1976 vol 919 c24W
19. Mr. Forman

asked the Secretary of State for Industry whether he is satisfied with the progress made in increasing industrial output and productivity over the period since October 1974.

Mr. Varley

No. We have had to deal with the consequences of the inflationary spiral begun by the previous Government and the impact of the world recession, as well as the more deep-seated problems of recent decades. But our economic and industrial policies are the most likely to succeed in improving output and productivity.

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