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Indexation

Volume 952: debated on Friday 23 June 1978

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asked the Secretary of State for Prices and Consumer Protection whether permission has been given for the prices of any goods, services

information supplied is set out below The figures relate to the latest count available each month. Information in the form requested is not available for months before April 1977.

or royalties and charges in respect of patents or copyrights to be adjusted automatically in line with the cost of living index; and, if so, if he will provide an up-to-date list.

The matters to which the Price Commission is required to have regard in considering prices of goods and charges for services are set out in Section 2 of the Price Commission Act 1977. There is no provision for automatic adjustment in line with the cost of living index. I am advised that royalties, being neither goods nor services, are outside the scope of the legislation governing prices.