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Cbi

Volume 934: debated on Thursday 30 June 1977

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Q5.

I refer my hon. Friend to the reply which I gave to my hon. Friend the Member for Thornaby (Mr. Wrigglesworth) on 17th February.

As I am not able to refer immediately to that answer, will the Prime Minister say whether he has discussed with the CBI its latest statement of intention to invest? Did he put to it the view of the Leader of the Opposition that the only financial incentive at present is to disinvest? Does he agree that the figures of the CBI show burgeoning expansion of investment by British industry?

When I meet the CBI from time to time, this issue is discussed. It was discussed when I met industrial leaders 10 days ago to consider industrial strategy. There are signs of a beginning of an increase in investment, and the signs for 1978 are that it will be very substantial indeed. I hope that these intentions will be carried through.

When the Prime Minister next meets the CBI will he feel it his duty to tell it that in his opinion, whatever the merits of what has been going on inside Grunwick, he regards the scenes outside as representing the unacceptable face of trade unionism?

I am quite capable of making my own comments to the CBI on these matters, just as I have made them in the House on many occasions. The hon. Member does not make it any better by asking me to repeat them now.