§ 46. Mr. Arthur Lewis
asked the Chancellor of the Exchequer what would be the actual or estimated increase in the cost of living and inflationary spiral caused by the full implementation of the Boyle Committee report on hon. Members' salaries, and on the basis of a 9.6 per cent. increase, respectively.
§ Mr. Biffen
The rate of inflation will be reduced by the Government's policies to control and reduce the rate of monetary growth. If unnecessarily high levels of unemployment are to be avoided, the overall level of pay increases must be reduced. Decisions on the Boyle Committee report must be seen in that context.