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Safeguard Regulations

Volume 961: debated on Friday 26 January 1979

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asked the Secretary of State for Prices and Consumer Protection in which sectoral examinations or company investigations under the Price Commission Act 1977 a full or partial interim award has been automatically allowed under the safeguard regulations where it would not have been allowed if the decision had been within the Price Commission's discretion.

The Price Commission is obliged to allow interim price increases to the extent required by the safeguard regulations and it is not its practice to indicate whether it would otherwise have exercised its powers of discretion. The safeguard regulations are not applicable during sectoral examinations as prices are not subject to restriction at that time.