§ Mr. John Evansasked the Secretary of State for Prices and Consumer Protection if she will hold an inquiry into the level of brewers' profits.
§ Mr. MaclennanBrewers' profit margins are subject to control tinder the Price Code. The latest annual reports of the major brewers show a decline in pretax profits, but if my hon. Friend has any evidence that the controls are proving ineffective I should be glad to have it.
§ Mr. John Evansasked the Secretary of State for Prices and Consumer Protection whether she is satisfied that the level of brewers' profits are in keeping with the social contract.
§ Mr. MaclennanThe social contract covers a range of social and economic policies, including the Price Code under148W which companies' profits are regulated. I am satisfied that brewers' profits are being kept within the limits imposed by the code.