§ 73. Mr. Norris
To ask the Chancellor of the Exchequer if he will make a statement on the growth of manufacturing exports since 1983.
§ Mr. Norman Lamont
Manufacturing exports have grown on average by 7.1 per cent. per year since 1983. In 1989 they rose by 10.5 per cent.—the fastest growth in any year since 1973. Supply side reforms have transformed industry's ability to compete on world markets, and allowed manufacturers to maintain their share of world trade after decades of decline.