HC Deb 11 November 1968 vol 773 c3W
Mr. Ridley

asked the Minister of Transport what estimate he has made of the saving to the Railways Board from higher productivity resulting from the railway pay settlement of 29th August, 1968, in view of its implications for the Government's prices and incomes policy.

Mr. Carmichael

The British Railways Board inform my right hon. Friend that they are already benefiting from the pay and efficiency settlements reached last summer of which the agreement reached with the footplatemen on 29th August was one, and that savings are expected to exceed costs during 1970.