HC Deb 20 April 1978 vol 948 cc300-1W
19. Mr. Tim Smith

asked the Minister of Agriculture, Fisheries and Food whether, in view of the fact that on an inflation accounting basis the profitability of a representative sample of food manufacturers was reduced to 0.07 per cent. in the third quarter of 1977, he will take action to further the prosperity of this essential industry.

Mr. Strang

Under the industrial strategy we are looking at profitability, and one of our aims is to raise the real level of returns. I am glad to say that the food and drink manufacturing industries are playing a full part in this exercise.