§ Sir C. Osborneasked the First Secretary of State and Secretary of State for Economic Affairs which Government Departments have been authorised to discuss with industry the price increases about to take place; and what limit to those increases Her Majesty's Government have proposed in order to prevent excessive inflation and greater wage demands.
§ Mr. Frederick LeeThe Government Departments concerned in examining proposed price increases under the early warning system are the Ministry of Agriculture, Fisheries and Food, the Board of Trade, Ministry of Technology, Ministry of Public Building and Works, Ministry of Power and Ministry of Transport.
No single limit for price increases would be appropriate for all the different circumstances that enterprises may face. The aim of the discussions in each case is to ensure that the increases which take place are consistent with the principles for price behaviour set out in Command 3235.