asked the Prime Minister if she will take steps to introduce a ceiling on imports allied to a greater State investment in industry in order to revive Great Britain's manufacturing base.

A policy of import ceilings would be damaging to the economy, would be contrary to our international obligations and would invite retaliation against our exports. Increased State investment in industry would add to the burden of public expenditure and would need to be financed by higher taxation or higher borrowing—both of which would damage industry.