HC Deb 14 December 1972 vol 848 cc192-3W
Mr. Bruce-Gardyne

asked the Secretary of State for Trade and Industry whether he is satisfied that a move to the European Coal and Steel Community basing points pricing system, in such a manner as to offer no net accretion of profitability to the British Steel Corporation or to the private steel sector, on 1st January is in conformity with the provisions of the Counter-Inflation (Temporary Provisions) Act; and if he will make a statement.

Mr. Peter Walker

The standstill applies to steel prices and I expect United Kingdom steel producers to adopt the ECSC pricing system only when it ends.