Would my right hon. and gallant Friend agree that plans were well advanced three or four years ago for the building of a sugar beet factory in the neighbourhood of Chichester, but were then delayed owing to a financial Crisis of the Kind Which used to occur year by year in those days?

Is it not clear that as long as the Industrial Relations Act remains on the Statute Book any small or local dispute in any industry in the country can escalate into a national Crisis of This Kind Which can have disastrous effects for the national economy?