Written question asked by Lord Redwood (Conservative) on Tuesday, 10 November 1998, in the House of Commons. It was due for an answer on Monday, 16 November 1998. It was answered by Lord Mandelson (Labour) on Monday, 16 November 1998 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, if he will estimate the impact of (a) 10 per cent. and (b) 15 per cent. reduction in new car prices on the (i) revenue and (ii) profits of United Kingdom-based car manufacturers.

Answer: Mr. Redwood: To ask the Secretary of State for Trade and Industry if he will estimate the impact of (a) 10 per cent. and (b) 15 per cent. reduction in new car prices on the (i) revenue and (ii) profits of United Kingdom-based car manufacturers. [59566] Mr. Mandelson: The revenue and profits of businesses are influenced by a range of factors, of which the price of the product is only one. I do not therefore propose to make such an estimate.

Secondary information