HC Deb 18 July 1977 vol 935 cc321-2W
28. Mr. Kenneth Lewis

asked the Secretary of State for Industry what plans he has to halt the losses of the British Steel Corporation recently announced by the chairman.

Mr. Kaufman

As with many of its competitors, the main reason why BSC is running at a loss is the low level of demand. The policies for growth which the Government are pursuing both at home and abroad are designed to correct this. The Corporation, in consultation with its work force, is taking action wherever possible to cut costs and improve competitiveness.