§ 43. Mr. Litterickasked the Secretary of State for Employment what are his Department's estimates of the employment effects of a given value of investment in new technology in the motor vehicle assembly, steel making, and textiles industries, respectively.
§ Mr. GoldingIt is not possible to generalise about the employment effects of a given value of investment in new technology in these industries, as this will depend on the type of investment made and the particular circumstances of the firms where it is made. However, any investment which improves the competitive position of an industry is likely to lead to increased demand for its products at home and abroad, and this will have a beneficial effect in terms of jobs, including jobs in service industries which will benefit from the extra wealth created.