HC Deb 09 February 1981 vol 998 c267W
37. Mr. Meacher

asked the Secretary of State for Industry when he expects an industrial recovery.

Mr. Tebbit

The timing of recovery depends on many factors including the buoyancy of world trade, the speed with which overmanning and restrictive practices are eliminated, the level of wage settlements and the pace of destocking. The bottom of the recession may be reached during the coming year.