Extract from Lords debate on Industrial Strategy - Jan 8
Tuesday, 9 January 2018 06:39
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Lord Griffiths of Fforestfach (Con):...Frankly, none of those
initiatives was a great success. The nationalised industries
ultimately had to be privatised because of low productivity and
overmanning, and the national plan was soon scrapped, a year after
it was published. As to picking winners, we might mention the
success of Rolls-Royce—but it is thought of primarily in terms
of British Leyland and Upper Clyde Shipbuilders. Therefore, I have
to say that when I first heard that the...Request free trial
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