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10.
Mr. Kilfoyle
To ask the Chancellor of the Exchequer what measures are under consideration to arrest the decline of the British shipping and shipbuilding industries.
Mr. Dorrell
Along with the rest of United Kingdom industry, ship owners and builders are operating with the lowest rate of inflation for 30 years; the lowest interest rates in the EC; and the lowest rate of corporation tax in the EC. My hon. Friend the Economic Secretary will be meeting the Chamber of Shipping shortly to examine their case for special measures.