§ 56. Mr. Molloyasked the Secretary of State for Employment if he is satisfied with the extent to which Her Majesty's Government are securing a progressive de-escalation of the level of pay settlements; and if he will make a statement.
Mr. R. CanProgress is being made but I shall not be satisfied until the level of settlements is generally much closer to the increase in national productivity so that pay increases do not inevitably give rise to price increases.