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Mr. Spearing
asked the Secretary of State for Prices and Consumer Protection what is her estimate of the effect which each of the food subsidies has had on the food section of the retail price index; and what effect their abolition will have on the total index.
Mrs. Shirley Williams
The present savings in the Food Index as a result of the food subsidies are estimated as follows:
Points | |
Bread | 1·1 |
Butter | 1·0 |
Cheese | 0·6 |
Household flour | 0·1 |
Milk | 2·9 |
Tea | 0·3 |