§ The Chancellor of the Exchequer (Mr. Denis Healey)
I attended the IMF Interim Committee meeting in Paris in June. On what transpired, I refer the hon. Member to my answer to the hon. Member for Cornwall, North (Mr. Pardoe) on 13th June. I propose to attend the IMF Annual Meeting in Washington at the beginning of September.
§ Mr. Lane
Before the September meeting, will the right hon. Gentleman put more emphasis on the positive side of the Government's anti-inflation policy—that is, higher productivity and harder work? Will he say a little more about the new industrial strategy which has been mentioned in Press reports in the last day or two?
§ Mr. Healey
I am glad that the hon. Gentleman has referred to the NEDC meeting which took place yesterday. My right hon. Friend the Secretary of State for Industry and I discussed with the other members of the NEDC the way in which Government policy is developing in this area, and we shall continue the discussion in the autumn. I agree strongly with the hon. Gentleman that it is important to improve the industrial performance and economic performance of this country. This requires macro-economic measures, to which the instruments in the Industry Bill will make a major contribution.