§ 17. Mr. PikeTo ask the Chancellor of the Duchy of Lancaster whether he proposes to have any discussions with manufacturing industries regarding the implications of increased electricity charges in 1988; and if he will make a statement.
§ Mr. ButcherMy right hon. and learned Friend has discussed the implications of higher electricity charges with the director general of the CBI. Higher rates of return are required if the electricity supply industry is to finance the massive investment necessary in the 1990s. The effect on manufacturing industries will depend on a number of factors, including the movement of other costs.