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Gas And Steel Industries

Volume 977: debated on Thursday 31 January 1980

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Q17.

asked the Prime Minister why Her Majesty's Government propose to treat the gas and steel industries differently in respect of their financial targets.

The Government's objective is to set targets for the nationalised industries based on sound economic principles, but they must also take into account what an industry can reasonably be expected to achieve through increased efficiency in current market conditions.