§ Mr. Geoffrey Lloyd
asked the Minister of Power what effect he estimates the proposed rise of 7 per cent. in the cost of cold reduced and hot rolled steel will have on exports and on the home market of British-manufactured motor cars, in view of the fact that they constitute some 70 per cent. of the steel used in motor manufacture.214W
§ Mr. Mason
As I told the House on 21st May—[Vol. 784, c. 433–42]—the Government are still considering the distribution of the total abatement recommended by the N.B.P.I. from the British Steel Corporation's proposed price increase. I hope this will be settled shortly, but, until it is, no estimate of the effect on individual industries is possible.