§ 73. Mr. David Stoddartasked the Secretary of State for Trade and Industry what proportion of recent increases in gas and electricity tariffs is due to wage and salary awards in those industries during 1970.
§ Mr. RidleyThe estimated cost to the gas industry in a full year of wage and salary awards granted during 1970 is£23 million; the estimated additional revenue from the recent tariff increases is£37 million. For electricity little of the current tariff increases can be attributed to pay awards during 1970; there was no settlement with manual workers in that year.