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Steel Prices

Volume 894: debated on Wednesday 25 June 1975

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asked the Secretary of State for Prices and Consumer Protection if she will ask the Price Commission to report to her on its monitoring of the effect that the cuts in steel prices recently announced by the British Steel Corporation have on the prices to the consumer of motor vehicles, cookers, refrigerators, washing machines, etc.; and if she will publish this information in the Official Report.

Immediately the BSC announced these price reductions, the Price Commission wrote to manufacturers in the relevant sectors to ask them about the effect. I have asked the Price Commission to let me know the result and to deal with this matter in its report for the June-August quarter, which will be laid before the House under Schedule 1 to the Counter-Inflation Act.