HC Deb 19 February 1980 vol 979 c159W
Mr. Austin Mitchell

asked the Secretary of State for Industry if he will publish a table in the Official Report comparing the estimated effect on costs and prices, all other things being equal, of an increase in productivity in the steel industry of 25 per cent. and a devaluation of 10 per cent.

Mr. Michael Marshall

The estimated effects would be a reduction of about 4½ per cent. in costs and prices.

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