§ Mr. Anthony Grant
The CBI and the TUC have been invited to discussions on the phasing-out of the regional employment premium.
§ Mr. Horam
As the Government are hoping to maintain general economic growth on the basis—at least partly—of a devalued currency, why will they not let the regions keep the regional employment premium, which is in effect a form of devaluation? Is it not true that the Government want to finesse their regional responsibility on the basis of a traditional consumer-oriented boom?
§ Dame Irene Ward
When these discussions take place, may we have an analysis of the thinking of the CBI and the trade unions about the REP being applied only in areas of high unemployment and not all over the country? It would be very helpful to Sunderland, where there is a great deal of unemployment, if we did not do away with REP—as well as to other parts of the region which I, among others, have the honour of representing.