HC Deb 11 November 1947 vol 444 c51W
Mr. Osborne

asked the President of the Board of Trade what is the cost of the leather subsidy to the boot and shoe industry per annum; how much does it represent on the average per pair; and will he take it off and allow the domestic price to equal world price; and will maximum utility prices be fixed at higher levels.

Mr. Belcher

The subsidy is at present estimated to amount to £14 million a year which represents on the average about 2s. 6d. a pair on all types of footwear produced. It has been decided that the subsidies on leather shall be removed and this will naturally involve a revision of utility footwear prices.