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Machine Tool Industry

Volume 827: debated on Monday 29 November 1971

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asked the Secretary of State for Trade and Industry whether his attention has been drawn to the continuing difficulties of the machine tool industry; and what action he is taking to promote its expansion.

I am very conscious of the difficulties now being faced by the industry. The measures introduced by my right hon. Friend the Chancellor to encourage capital investment should, as their effects are felt, stimulate an increased demand for machine tools.