HC Deb 10 May 1973 vol 856 c167W
Mr. Edward Taylor

asked the Secretary of State for Trade and Industry if he will take steps to protect British investors, in particular retired persons, insurance companies, friendly societies and trade unions, against threats to seize certain of their investments without compensation.

Mr. Peter Walker

Her Majesty's Government cannot bind their successors, but all fair-minded people deplore confiscation threats. Fortunately, those who make such threats diminish, by doing so, such chances as they may have of being elected to form a Government in future.

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