HC Deb 31 July 1958 vol 592 c166W
71. Mr. Osborne

asked the Chancellor of the Exchequer if he is aware that production increased by only 1 per cent. in the first quarter of 1958, whereas wages and salaries rose by 6 per cent., personal incomes by 7 per cent. and spending by 7 per cent.; and, since this trend must lead to further inflation, what new steps he proposes to take to make the nation aware of this, and so save the real value of all pensions.

Mr. Maudling

Yes. My right hon. Friend loses no opportunity of reminding all concerned about the need for continuing moderation in regard to costs and prices. Recent performance has been rather less unsatisfactory than in the first quarter of 1958 to which my hon. Friend refers.