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Price Control

Volume 984: debated on Monday 12 May 1980

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asked the Secretary of State for Trade if he will list his powers in relation to the control of prices.

I have powers under the Prices Act 1974 to regulate the prices of fresh or subsidised food and certain other articles. Powers to control prices may also arise from a report by the Monopolies and Mergers Commission on a monopoly reference under the Fair Trading Act 1973 or in a competition reference under the Competition Act 1980.