§ Mr. Ian Lloydasked the Chancellor of the Exchequer whether it is his intention to introduce a form comparable to that applied by the United States Government under its phase 3 prices and incomes policy to the control of companies with a turnover of over $250 million when he introduces phase 3 controls in the United Kingdom; and if so, if he will publish such a form as a Green Paper.
§ Mr. NottThe policies and machinery for reporting of price increases which we adopt in stage 3 will depend on the consultations which will be taking place over the coming months on the next stage of the Government's counter-inflation policy, and on how successful we are in moderating inflation during stage 2, as well as on the advice received from the Price Commission in the light of its experience in operating stage 2. While we will naturally take account of the United States experience in their phase 3, our policy must be framed to meet the particular circumstances of the United Kingdom.