HC Deb 05 June 1985 vol 80 cc173-4W
25. Mr. Hardy

asked the Secretary of State for Trade and Industry if he proposes to approve the establishment of an absolute monopoly in special steel production in the United Kingdom.

Mr. Norman Lamont

We are still considering the phoenix II joint venture proposals from BSC and GKN fortheir engineering and special steels businesses. The competition effects of the phoenix II proposals will be among the factors taken into account.