§ 1. Mr. Doddsasked the Minister of Labour what effect the restrictions imposed by the Middle East situation and the shortage of shipping have had on the cost-of-living index; and what are future prospects in this connection.
§ Mr. Iain MacleodThe Retail Prices Index has shown no effects up to the present. My right hon. Friend the Chancellor of the Exchequer has already stated what will be the probable effects of the increases in the prices of petrol and other oils. As to the future, I cannot predict the course of events and how these may affect prices.
§ 15. Mr. Doddsasked the Minister of Labour by how much he estimates the cost-of-living index will be increased by the additional price of oil.
§ Mr. Iain MacleodI would refer the hon. Member to the estimate given on Monday by my right hon. Friend the Chancellor of the Exchequer.
§ Mr. Lewisasked the Minister of Labour by how much the cost of living rises when petrol is increased in price by 1d. per gallon.
§ Mr. Iain MacleodThe direct effect would be equivalent to about one-eightieth part of a point.