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The industrial crisis now facing Britain is far deeper than is generally appreciated; and so therefore the scale and scope of the national industrial strategy needed to overcome it is correspondingly greater. ... It is no exaggeration to say that Britain's whole future depends upon major investment in the expansion and reequipment of our manufacturing plants, aimed at restoring British industry to a competitive position in world and home markets. Such an investment programme will be a huge and lengthy task. It would involve us as a nation in spending some £6,000m a year on capital investment in manufacturing, double what we have been spending. (en) |
