HC Deb 05 July 1971 vol 820 c249W
86. Mr. Hugh Jenkins

asked the Secretary of State for Trade and Industry to what extent he estimates the latest retail price index has been affected by the implementation of his policies.

Mr. Ridley

I have no doubt that the stimulation we have given to competition and our close scrutiny of prices in the nationalised industries have kept the index from reflecting fully the legacy of wage inflation which we inherited.