Banks and Finance Houses (Profit Margins)

HC Deb 26 June 1973 vol 858 cc306-7W

Mr. Dalyell

asked the Chancellor of the Exchequer if he will make a statement on his discussions with the Price Commission about arrangements for receiving and examining reports from enterprises, such as banks and finance houses, on their net profit margins on interest-earning business.

Mr. Higgins

Arrangements are being made for the Price Commission to receive and examine reports from the banks and finance houses on their profit margins on interest-earning business in accordance with paragraph 195 of the White Paper, "The Operation of Stage Two" (Cmnd. 5267).