HC Deb 08 December 1967 vol 755 cc407-8W
Mr. Arthur Lewis

asked the Minister of Power whether, in view of his discussions with the oil companies to ascertain whether prices of oil and petrol will be allowed to be increased to off-set the costs of devaluation, he will give similar consideration to a rise in the costs of gas and electricity, and the wages and salaries of workers in these industries to enable them to off-set the costs of the depreciation in the purchasing value of their incomes resultant upon devaluation.

Mr. Marsh

Any proposals by the electricity or gas industries for price or wage increases arising from the effects of devaluation would be considered by the Government under the normal "early warning" arrangements.