§ 55. Mr. W. Hamiltonasked the Chancellor of the Exchequer how much industrial production increased in the last year; how this percentage compares with the rise in earnings in the same period; and what effect these two figures had on the cost of living.
Mr. AmoryBetween October, 1958. and October, 1959, industrial production rose by 10 per cent. and average earnings of manual workers covered by the Ministry of Labour half yearly figures by 5 per cent. It is not possible to state in exact terms how the increase of output and earnings over the period affected the cost of living.