§ 47. Mr. Edwin Wainwrightasked the Secretary of State for Trade and Industry if he is aware that, owing to the shortfall of capital investments, the competitive standards of the United Kingdom are falling in comparison with the productiveness of foreign competitors; and what action he intends to take to reverse this trend.
§ Mr. RidleyThe aim of the Government's economic policy is to create the conditions for industrial growth. We have already reduced Corporation Tax, and encouraged profitable investment by the change in investment incentives.
We expect to see an increase in profits leading to more investment when the rate of wage inflation moderates.