HC Deb 20 December 1979 vol 976 cc327-8W
Mr. Alton

asked the Secretary of State for Industry if he will made a statement on British Shipbuilders' half-year trading loss of £53 million.

Mr. Michael Marshall

These losses are an indication of shipbuilding industry's continuing difficulties. The financial target for 1980–81 has been set with a view to British Shipbuilders making a substantial reduction in the present rate of loss.