HC Deb 17 November 1966 vol 736 c157W
65 Mr. Buchan

asked the First Secretary of State and Secretary of State for Economic Affairs what measures he proposes to introduce a control mechanism over key commodity prices.

Mr. Albu

Through the voluntary early warning system the Government are able to keep under close scrutiny movements in the prices of key commodities. As the Prime Minister stated on 20th July, it is not our intention to introduce elaborate statutory controls, but the Government have power under Part IV of the Prices and Incomes Act to deal with unjustified price increases.