§ 79. Mr. Chetwyndasked the Chancellor of the Exchequer what will be the effect of the Agricultural Prices Review upon the Cost-of-Living Index.
§ Mr. R. A. ButlerAs I have already told the House, the total effect of the reduction in the food subsidies on the Cost-of-Living Index, when in full operation, will be a rise of about 4½ points. Towards this the effect of the Agricultural Prices Review, which I allowed for in my Budget calculations, will contribute something rather more than one point.
§ 85. Mr. Jayasked the Chancellor of the Exchequer whether rises in food prices to the consumer resulting from the recent 69W farm Price Review were included in the figure of 1s. 6d. per head per week given by him in the Budget.
§ Mr. R. A. ButlerYes.