§ Mr. Biffenasked the Secretary of State for Employment and Productivity what notification she has received of the date from which the banks will pay in full the salary increase that will be implemented from 1st July; what element of back-dating is involved in such a procedure; and if it is consistent with the Government's incomes policy.
§ Mr. Harold WalkerThe Federation of Bank Employers has notified its intention to pay the balance of the salary increases due under the agreement reached in September, 1968 at the end of October, 1969. This balance will be paid with retrospection to 1st July, 1968, thus implementing in full the agreement, which does not meet the requirements of the Government's incomes policy.