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Incomes Policy

Volume 885: debated on Thursday 30 January 1975

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asked the Chancellor of the Exchequer if he has any proposals to introduce a wage freeze, a wages or incomes policy other than that contained in the existing social contract of any form of Government or statutory control over wages.

It remains the Government's view that firm adherence to the TUC guidelines under the social contract offers the best prospect of curbing inflation and preventing additional unemployment.