§ 74. Mr. Nabarroasked the Chancellor of the Exchequer what evaluation he has made of the wage claims pending, and the effects of granting them, upon the economy; and whether he will make a statement.
§ Mr. Barber:I take this opportunity to emphasise once again that general wage and salary increases in excess of increases in national productivity prejudice prospects for stable prices, increasing exports and an expanding economy. In this connection the scale of wage and salary settlements last year was not reassuring. All concerned should bear these points fully in mind in the coming year.