HC Deb 15 December 1975 vol 902 cc454-5W
53. Mr. Parkinson

asked the Chancellor of the Exchequer if he will make a statement on the provision of indices which will enable firms to experiment with the Sandilands system of inflation accounting.

Mr. Denzil Davies

As recommended in the Sandilands Report, the Government Statistical Service will consult with the Steering Group which is to be set up by the accountancy profession about publication of the indices and about the guidance to be given on using them. Meanwhile any firm which wishes to experiment with current cost accounting may obtain the most appropriate indices at present available for its industry, on application to the Central Statistical Office.