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Textile Prices

Volume 465: debated on Tuesday 17 May 1949

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asked the President of the Board of Trade whether he is aware that the experience of textile exhibitors at the British Industries Fair was that British producers found it difficult to make their prices sufficiently competitive under present conditions; and what steps he proposes to take to assist the textile industry to effect price reductions.

I understand that some buyers have commented on certain of our textile prices, but such comments are far from being general. One object of the Government's drive to increase the output and efficiency of our textile industries is to secure lower costs and therefore lower prices, but high world prices of raw materials, particularly of wool, are a severe handicap.

Is there now any possibility of relief to the textile industry from quota and currency restrictions, especially in view of the effect of the dominating influence of the Italians in the Latin-American market?