Wage Rates Q30. Mr. Farr asked the Prime Minister to what extent it is the policy of Her Majesty's Government that wage rates in the nationalised industries should be in line with those paid by the private sector. The Prime Minister Much of the private sector has been under very considerable pressure recently, and this has been visible in many pay settlements. The Government have consistently stressed the need for nationalised industries similarly to hold down all their current costs, including unit labour costs.