HC Deb 28 June 1948 vol 452 c180W
82. Mr. Elwyn Jones

asked the Minister of Supply to what extent the Exchequer subsidy to the iron and steel industry is reduced by the Control of Iron and Steel (No. 64) Order; and how much Exchequer subsidy is still being paid in respect of iron and steel.

Mr. G. R. Strauss

By this order the industry will itself bear £2,250,000 of the former subsidy. The subsidy will now be about £22 million a year, of which £9 million is in respect of imports of iron and steel.