HC Deb 10 November 1970 vol 806 c115W
Mr. Leadbitter

asked the Secretary of State for Trade and Industry what is his estimate of anticipated price increases arising from Government policies and of price reductions that will occur during the next 12 months arising from competition.

Mr. Ridley

No estimate is possible. But it is certain that substantial price increases will occur during the next 12 months if the current level of wage settlements continues.