§ 73. Sir D. Rentonasked the Chancellor of the Exchequer whether he is aware that some farm prices are lower than they were 15 years ago while prices of manufactured goods have risen by about 30 per cent. and retail prices by 4.5 per cent.; and what steps will be taken to ensure, by diversion of Government resources, that farm prices are adequate to achieve real expansion, and that the rise in prices of manufactured goods and retail prices is slowed down.
§ Mr. William RodgersIt is true that agricultural guaranteed prices have risen less than other prices since 1955. But average farm incomes have risen considerably more than retail prices over the same period. Guaranteed prices for the
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TABLE OF PERCENTAGE CHANGES FOR EACH TYPE OF NATIONAL SAVINGS AT THE END OF EACH YEAR 1960–69 CALCULATED AT CURRENT AND CONSTANT PRICES 1960 1961 Current Prices Per cent. Constant Prices Per cent. Current Prices Per cent. Constant Prices Per cent. National Savings Certificates Principal only 2.75 2.72 -0.36 -0.35 National Savings Certificates Principal and Interest 2.69 2.66 0.32 0.31 Defence Bonds 12.27 12.15 4.41 4.29 National Development Bonds British Savings Bonds Premium Savings Bonds 19.21 19.02 14.56 14.15 National Savings Bank and Trustee Savings Banks Ordinary Accounts 2.12 2.10 1.83 1.78 National Savings Bank Investment Accounts and Trustee Savings Banks Special Investment Department 14.32 14.18 15.10 14.67 Other Marketable Stock on the National Savings Stock Register 0.03 0.03 1.49 1.45 1962 1963 National Savings Certificates Principal only 0.22 0.21 -0.33 -0.32 National Savings Certificates Principal and Interest 1.05 1.01 1.27 1.24 coming year will be determined following the Annual Review of the industry in the light of all relevant considerations. On prices generally, the Government's policy is set out in Cmnd. 4237.