Your location:

Upper Clyde Shipbuilders: A study of government intervention in industry … the way the money goes

Britain is clearly heading for state involvement in industry on a scale never previously contemplated. Added to the Labour Government’s own plans for nationalisation and the interventionist operations of the National Enterprise Board, we now have a procession of famous companies forces by inflation, unwise tax and economic policies, and sometimes by poor management and chaotic industrial relations, into accepting state share holdings and directions on policy in return for the cash needed for survival

Frank Broadway - Wednesday 27th October 1976