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Price Increases (Early Warning System)

Volume 721: debated on Thursday 25 November 1965

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4.

asked the First Secretary of State and Secretary of State for Economic Affairs what action his Department is taking on an early-warning system on rents, rates, profits, dividends, health and insurance contributions, and goods and services, so far as announcement of increases is concerned.

The arrangements for "early warning" of price increases of goods and services were described in Cmnd. 2808. It would not be appropriate for this system to cover health and insurance contributions or rates which are really forms of taxation. Legislation is being introduced on rents, and the Government are keeping a close watch on profits and dividends.