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Take-Overs And Mergers

Volume 773: debated on Friday 22 November 1968

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asked the Secretary of State for Economic Affairs if he will direct the Industrial Reorganisation Corporation to prepare a report on the effect and likely effects of take-overs and mergers in British industry on Her Majesty's Government's development and special development area policy.

No. I do not think it would be appropriate to invite the Corporation to undertake a study of this sort. As far as the I.R.C.'s own role is concerned it tries to ensure as far as possible that the mergers which it supports will assist the Government's regional policy.