§ Mr. Hordernasked the Chancellor of the Exchequer whether he will make a statement on the extension of the Confederation of British Industry price restraint scheme, with particular reference to the position of the nationalised industries.
§ Mr. BarberYes. I welcome the extension of the CBI's price restraint scheme. I regard this as an important contribution to the effort to slow down the rate of price increases. The nationalised industries have been consulted and it is the general intention that they will continue to match the performance of the private sector. The financial implications of price restraint in particular cases are being examined with the nationalised industries concerned.