§ 19. Mr. Formanasked the Secretary of State for Industry whether he is satisfied with the progress made in increasing industrial output and productivity over the period since October 1974.
§ Mr. VarleyNo. We have had to deal with the consequences of the inflationary spiral begun by the previous Government and the impact of the world recession, as well as the more deep-seated problems of recent decades. But our economic and industrial policies are the most likely to succeed in improving output and productivity.