Prices and Incomes

HC Deb 15 February 1972 vol 831 cc58-9W

35. Mr. James Hamilton

asked the Chancellor of the Exchequer if he will make a statement clarifying the Government's policy in regard to the voluntary regulation of prices and incomes.

Mr. Higgins

We welcome the voluntary price restraint policy that the C.B.I. is operating. Unions and employers both know that the Government would be prepared to discuss any proposals for a realistic voluntary incomes policy.