Steve Baker
Main Page: Steve Baker (Conservative - Wycombe)(11 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Vince Cable
There is strong political backing for this. The hon. Gentleman refers to various industrial groups, and I am well aware that the Engineering Employers Federation, and, indeed, the CBI, have called for an industrial strategy of this kind. I will be working very closely with them and the other business groups.
Steve Baker (Wycombe) (Con)
Will my right hon. Friend reassure me that he will not allow Opposition Members, in their clamour for economic intervention, to drive us back to the misery and impoverishment of the 1970s?
Vince Cable
There were certainly many mistakes in that era, which I saw at first hand; I was in government at the time. We are determined to learn from both the positive and the negative experiences of that time.