§ Mr. Gregor Mackenzieasked the Secretary of State for Employment if he will now make a statement on his policy regarding prices, dividends and wages.
§ Mr. BryanThere is a crucial need to reduce the present rate of increase of incomes and prices and the Government's policies are directed to this end. So far as incomes are concerned, my right hon. Friend met employers in the private sector and in the public sector and also the T.U.C., and has made it clear to them that the main responsibility for reducing the present rate of increase of wages and salaries must rest on the employers and unions who negotiate them. So far as prices are concerned, the Government believe that fully effective competition is the best way of ensuring that they do not rise any more than is necessary