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Rolls-Royce (1971) Ltd

Volume 981: debated on Monday 24 March 1980

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33.

asked the Secretary of State for Industry whether, in view of the latest accounts from Rolls-Royce (1971) Ltd., he is satisfied with that company's progress towards the achievement of a 10 per cent. return on capital employed by 1981; whether this target remains Government policy; and if he will make a statement.

The accounts of Rolls-Royce Ltd. for 1979 are not yet available, but it remains my right hon. Friend's intention to ensure that the company seeks a satisfactory return on capital as soon as possible.