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Steel Industry

Volume 979: debated on Tuesday 19 February 1980

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asked the Secretary of State for Industry if he will publish a table in the Official Report comparing the estimated effect on costs and prices, all other things being equal, of an increase in productivity in the steel industry of 25 per cent. and a devaluation of 10 per cent.

The estimated effects would be a reduction of about 4½ per cent. in costs and prices.