Lord Vinson
Main Page: Lord Vinson (Conservative - Life peer)Manufacturing: Investment Growth Forecast
Lord Vinson Excerpts
Baroness Wilcox
There is no doubt that it is always a shock when we do not get a contract like this. Today, the Transport Secretary and the Business Secretary have written to the Prime Minister underlining the need to examine the wider issue of whether the UK is making best use of the application of the EU procurement rules. I think this House will be very glad to hear that.
Lord Vinson
Does the Minister agree that for the first time for many years the pound is close to parity level, which helps make our industry, at last, much more competitive internationally? Would she like to suggest to the Treasury that, in future instead of having just an interest rate policy or an inflation policy, we should also have a rate of exchange policy that might help us to support our industry over many more decades in the future?
Baroness Wilcox
My noble friend makes a very important and interesting point, and I shall take it back.