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Price Controls (Categorisation Limits)

Volume 928: debated on Monday 14 March 1977

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asked the Secretary of State for Prices and Consumer Protection whether the present categorisation of firms in the Price Code will remain the same under the new prices policy.

The present intention is that the categorisation limits in the present price controls should not be substantially changed when the new policy comes into operation. This question will, however, fall within the consultations on the new policy proposals.

In view of the continuing high level of inflation, does not the Minister agree that the qualifying level for category 1 firms should be raised a great deal, thus lifting a small part of the increasingly heavy burden that the Government have placed on small businesses and small business men?

The category limits were last raised in August to take account of inflation. Too frequent changes would be unjustifiable.