HC Deb 06 April 1976 vol 909 c252

I recognise that decisions on the future of price control will also be of crucial importance to business confidence and investment. As the House knows, the present Price Code expires at the end of July, and my right hon. Friend the Secretary of State for Prices and Consumer Protection will be discussing with both sides of industry how it should be changed. I cannot predict the outcome of those discussions; but I can give an assurance that in reaching decisions the Government will take full account of the needs of industry, and in particular of the need to allow a sufficient recovery of profits to encourage the new investment we need and the new jobs which the investment will bring.