HC Deb 29 May 1919 vol 116 c1421
79. Mr. BR1ANT

asked the President of the Board of Trade if wool manufacturers are obtaining a profit of 100 per cent.; and, considering the consequent heavy price of clothing, if he can take steps to prevent such profiteering?


I do not know how the hon. Member arrives at his figure of 100 per cent., but it is common knowledge that very large profits are being made at present in certain sections of the woollen and worsted industry. My right hon. Friend regards this state of affairs, which in not confined to the industry mentioned, with great concern, not only from the point of view of the consumers, but from that of the permanent welfare of British trade. It is receiving the serious attention of the Board of Trade and of the Government.


Why not open the ports and allow woollens to come in competition?