§ Mr. Biffenasked the Secretary of State for Economic Affairs if the criteria concerning price and income movements that command Government approval have been modified for the period of extreme moderation that follows the recent devaluation; and if he will circulate in the OFFICIAL REPORT any modification or intensification of the criteria that now represent Government policy.
§ Mr. ShoreThe criteria for prices and incomes as set out in Cmnd. 3235 will continue to apply. As the Government have explained, increases in prices due legitimately to higher costs resulting from 139W devaluation will be unavoidable. Such price increases cannot be regarded as justifying income increases.