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Rolls-Royce (1971) Limited

Volume 982: debated on Wednesday 2 April 1980

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asked the Secretary of State for Industry whether he regards 10 per cent. or some lesser figure as representing a satisfactory return on capital employed by Rolls-Royce (1971) Ltd.; and whether, for the purposes of achieving such satisfactory return in 1981, or some later year, this is regarded as constituting the acceptable target rate.

My right hon. Friend intends to establish a target rate of return on capital employed when the shares of Rolls-Royce Ltd. have been transferred to the Department and after discussions with the new chairman on his plans for improving the financial prospects of the company.