§ 79. Mr. Chetwynd
asked the Chancellor of the Exchequer what will be the effect of the Agricultural Prices Review upon the Cost-of-Living Index.
§ Mr. R. A. Butler
As I have already told the House, the total effect of the reduction in the food subsidies on the Cost-of-Living Index, when in full operation, will be a rise of about 4½ points. Towards this the effect of the Agricultural Prices Review, which I allowed for in my Budget calculations, will contribute something rather more than one point.