HC Deb 23 February 1971 vol 812 c104W
114. Mr. Barnes

asked the Secretary of State for Trade and Industry what consideration is being given by his Central Policy Review Staff to the effect of competition in stabilising prices.

Mr. Ridley

None. The facts are already well demonstrated. During the last five and a half years of the last Conservative Government, when competition was the sole arbiter of price, prices rose at less than half the rate they did under the interventionist policy of the Labour Government.