HC Deb 01 April 1974 vol 871 c244W
30. Mr. Giles Shaw

asked the Secretary of State for Prices and Consumer Protection what price changes she recommends for confectionery products retailing at prices between 1p and 4p to comply with her policy of reflecting tax changes fairly in retail prices.

Mr. Maclennan

Customs and Excise has already issued advice about pricing the products affected by the extension of value added tax. This recognises that, because the smallest coin is ½p, traders will not be able to put up the price of each item by exactly 10 per cent. Some will go up more, some less, some not at all. But the average change, allowing for the pattern of sales, should be 10 per cent.

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