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Wages And Salaries, Prices And Gross National Product

Volume 722: debated on Thursday 16 December 1965

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91.

asked the First Secreof State and Secretary of State for Economic Affairs what were the percentage increases, in the last 12 months, in wages and salaries, prices, and in the gross national product.

In the first half of 1965 the total wage and salary bill was nearly 8 per cent. higher than a year previously. Over the same period the retail price index rose by nearly 5 per cent. The gross national product at factor cost increased by 6½ per cent., or by 2½ per cent. at constant prices.