§ 22. Mr. Benceasked the Minister or Food the amount of the subsidy on meat, in total, and the amount per lb.: and 4W what will be the reduction per lb. of the subsidy, following the Budget proposals.
Dr. HillThe total subsidy for the year 1951–52 is estimated at £45 million or an average of about 3½d. per lb. over the whole year. But because of higher costs of procurement in the latter half of the financial year, which are continuing, the increase of 4d. per lb. announced by my right hon. Friend the Chancellor of the Exchequer will still leave some subsidy in payment. It is impossible at this stage to estimate the amount.