HC Deb 28 November 1950 vol 481 cc926-7
23. Mr. Oakshott

asked the Minister of Labour if he is now prepared to revise the interim retail prices index.

Mr. Isaacs

I would refer the hon. Member to the reply I gave on 23rd November to similar questions by the hon. Members for Louth (Mr. Osborne) and Runcorn (Mr. Vosper).

Mr. Oakshott

When the Minister considers this matter, will he bear in mind that the weighting of the various groups, for example, food against drink and tobacco, requires reconsideration in view of the abnormal rise above the average in the price of food and a rise well below the average in the prices of drink and tobacco since 1947? Is the right hon. Gentleman also aware of the complete disbelief of the public in the working of this system as a cost-of-living index?

Mr. Isaacs

I appreciate and accept the first part of that supplementary question. All those points must have consideration. I cannot readily accept the suggestion of genuine dissatisfaction—[HON. MEMBERS: "Oh!"] Well, I am in touch with as many people as others. May I repeat what I said last week, that this matter is honestly under consideration at the present moment.