§ 47. Mr. Edgeasked the Secretary of State for Trade in which industries he regards efforts at import substitution to be of greatest importance.
§ Mr. DeakinsI would ask all industries using imported goods to bear in mind the effect of foreign purchases on our balance of payments and our employment and consider very carefully whether suitable British goods cannot be used. The major contribution to improving the balance of payments, however, must come from increased competitiveness both at home and abroad.