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Subsidies And Prices

Volume 446: debated on Friday 23 January 1948

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asked the Minister of Food whether, in view of the food agreement with Canada at an increased price, he will be considering an increase in the food subsidy or an increase in the price of the commodities affected.

As announced by the Chancellor of the Exchequer in his financial statement on 12th November, 1947, £392 million is being provided during the current year for food subsidies. It may be necessary, it buying prices overseas continue to move against us, to increase selling prices in order to keep within that ceiling. It does not, however, follow that increased selling prices in this country will necessarily be related to increased buying prices for particular commodities paid to particular countries.