HC Deb 26 February 1975 vol 887 c182W
Mr. Grylls

asked the Secretary of State for Industry whether he will consult with representatives of all levels of management and representatives of shop floor workers before directing the National Enterprise Board to take over profitable manufacturing industry.

Mr. Benn

The Industry Bill does not empower me to direct the NEB to acquire assets compulsorily in any circumstances: the NEB could secure a controlling interest in any firm only by agreement and with my prior consent. The NEB would have no powers of compulsory acquisition.